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    Essentials of Accounting Study Set 2
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    Exam 13: Auditing, tax-Exempt Organizations, and Evaluating Performance
  5. Question
    Tax Exempt Entities Do Not Have Retained Earnings in the Equity
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Tax Exempt Entities Do Not Have Retained Earnings in the Equity

Question 59

Question 59

True/False

Tax exempt entities do not have retained earnings in the equity section of their financial statements.

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