Which of the following is not a distinguishing characteristic of a private not-for-profit organization according to FASB Statement No.16,Appendix D?

Question

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FASB Statement No.16, Appendix D provides four distinguishing characteristics of private not-for-profit organizations: operating purposes other than to provide goods or services at a profit, absence of ownership interests like those of business enterprises, contributions of significant amounts of resources from resources providers who do not expect commensurate or proportionate pecuniary return and upon dissolution of the organization, remaining assets are dedicated to another not-for-profit entity or a government entity. Therefore, (D) is not a distinguishing characteristic as remaining assets are not distributed to the original contributors, but rather to another not-for-profit entity or a government entity.

Which of the Following Is Not a Distinguishing Characteristic of a Private