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    Essentials of Accounting Study Set 2
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    Exam 10: Accounting for Private Not-For-Profit Organizations
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    Which of the Following Is Not a Reason for a Private
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Which of the Following Is Not a Reason for a Private

Question 137

Question 137

Multiple Choice

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


A) Retiring debt.
B) Establishing working capital.
C) Expanding facilities.
D) All of the above are legitimate reasons.

Correct Answer:

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