Which of the following is a distinguishing characteristic of a nonbusiness organization?
A) Its revenues do not exceed its expenses
B) There is an absence of ownership interests that can be sold,transferred,or redeemed
C) It does not depreciate its capital assets
D) It does not charge fees for any of its services
Correct Answer:
Verified
Q2: Not-for-profit organizations obtain their revenues primarily from
A)Sales
Q3: Which of the following is the most
Q4: For which types of organizations is the
Q5: For which types of organizations is the
Q6: Which basis of accounting is used for
Q7: Concepts statements issued by the GASB and
Q8: (Matching organizational characteristics with different types of
Q9: (Discussion problem on fund accounting)
Discuss the nature
Q10: (Discussion problem on entity and GAAP hierarchy)
A
Q11: Which of the following is not a
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