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    Accounting for Governmental
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    Exam 10: Accounting for Private Not-For-Profit Organizations
  5. Question
    Which of the Following Is a Legitimate Reason for a Private
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Which of the Following Is a Legitimate Reason for a Private

Question 96

Question 96

Multiple Choice

Which of the following is a legitimate reason for a private not-for-profit to generate a surplus?


A) Retiring debt.
B) Establishing working capital.
C) Both A & B above.
D) Neither A nor B above

Correct Answer:

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