Please explain the difference in the way that bonds are reported by for-profit and not-for-profit organizations.
This is really a complex question due to the nature of bonds. The reason is because different types of bonds are classified in different ways on the financial statements. At its most basic, bonds are listed on the Statement of Financial Position (balance sheet) for a not-for-profit organization. The bonds are listed at their fair value. Any annual changes in fair value of the bonds is reported on the ...
This solution explains the difference in bond reporting between a for-profit and not-for-profit organization.