Ho & Associates, CPA, Inc, is a full service Certified Public Accounting firm offering accounting, auditing, management consulting and tax services.
We provide our clients;
Personal attention to their business,
Nonprofit Accounting for Funds
By Fredrick Ho, CPA, MBA
FASB ASC 958-605-20 (formerly SFAS No 116) defines contributed income as cash or in-kind resources that are unconditionally given to the nonprofit organization as in a gift or grant, and does not include earned income such as membership dues or transaction fees, loans or investor proceeds. These revenues may include grants from governments and private philanthropy.