Multiple Choice
According to FASB,which of the following is not something that distinguishes a private not-for-profit organization from a business?
A) Absence of ownership interests.
B) Operating purposes other than to provide goods or services at a profit.
C) Lack of ability to earn a profit.
D) Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return.
Correct Answer:
Verified
Correct Answer:
Verified
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