Multiple Choice
A not-for-profit organization is not required to capitalize and amortize its capital assets if the organization ________.
A) has assets that total less than $500,000
B) has a two-year average annual gross consolidated revenue of less than $500,000
C) has an annual change to net assets of less than $500,000
D) has less than 10 full-time employees
Correct Answer:
Verified
Correct Answer:
Verified
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