Which of the following is not a required characteristic of a private not-for-profit organization per the definition given by the AICPA?
A) no owners or shareholders
B) an operating purpose other than making a profit
C) an organization dedicated to service of the public good
D) Significant contributions from providers who do not expect reciprocal goods or services in return
Correct Answer:
Verified
Q2: Gains and losses are allocated to each
Q3: Investment revenue includes realized and unrealized gains
Q4: Contribution of a work of art to
Q5: Donated services are recognized as a contribution
Q6: A major corporation makes a donation of
Q7: Investment revenue includes interest and dividends, and
Q8: A not-for-profit organization issues a Statement of
Q9: Alice makes a cash gift which has
Q10: A major corporation makes a donation of
Q11: Currently, which of the following has jurisdiction
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