Which of the following is not a characteristic of a nonprofit, as defined by the Financial Accounting Standards Board (FASB) ?
A) Nonprofits receive significant contributions from resource providers who do not expect to receive benefits in return
B) Nonprofits do not have defined ownership interests, such as stock that can be sold on a securities exchange
C) Nonprofits can sometimes issue tax-exempt debt
D) Nonprofits operated for a purpose other than to make a profit
Correct Answer:
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