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    Essentials of Accounting Study Set 3
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    Exam 10: Accounting for Private Not-For-Profit Organizations
  5. Question
    Private Not-For-Profits Use the Modified Accrual Basis and Do Not
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Private Not-For-Profits Use the Modified Accrual Basis and Do Not

Question 23

Question 23

True/False

Private not-for-profits use the modified accrual basis and do not record fixed assets or long-term debt.

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