Chapter 6
Corporations: Contributed Capital and Dividends
255
AS-4 (
1
)
What is a not-for-profit corporation? How is it different from a for-profit corporation?
AS-5 (
2
)
Explain the main difference between a public corporation and a private corporation.
AS-6 (
2
)
From which two accounting standards can a private corporation choose?
AS-7 (
2
)
Why might a private corporation choose to adopt ASPE over IFRS?
