Which of the Following Statements About a Not-For-Profit Firm's Fund

Multiple Choice

Which of the following statements about a not-for-profit firm's fund capital is most correct?

A) The sole source of fund capital is the excess of revenues over expenses.
B) Fund capital has a zero opportunity cost.
C) Fund capital can only come from donations.
D) Fund capital does not change over time.
E) Fund capital is equivalent to equity capital in investor-owned firms.