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According to FASB, Which of the Following Is Not Something

Question 92

Multiple Choice

According to FASB, which of the following is not something that distinguishes a not-for-profit organization from a business?


A) Absence of ownership interests
B) Operating purposes other than to provide goods or services at a profit
C) Lack of ability to earn a profit
D) Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return

Correct Answer:

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