One of the major objectives of ASC 958 is to:
A. bring about greater uniformity in the financial statements of all private, not-for-profit organizations.
B. report combined financial statements, instead of individual fund financial statements, for all private, nonprofit organizations.
C. change the reporting for governmental organizations so that their reporting is comparable to that of private, nonprofit organizations.
D. emphasize the different fund structures that currently exist for all private, nonprofit organizations.
Answer: A
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