Solved

According to FASB,which of the Following Is Not Something That

Question 103

Multiple Choice

According to FASB,which of the following is not something that distinguishes a private 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents