One difference between a for-profit and a not-for-profit organization is:
A)excess revenue over expenses,in a for-profit organization can go to the organization's owners,in a not-for-profit organization this excess goes back into the organization.
B)a for-profit organization is not operated for anyone's personal gain,a not-for-profit operation is expected to provide a return for its investors.
C)a for-profit organization will budget for a profit each year and a not-for-profit will budget to break-even.
D)a for-profit organization will prepare an income statement and balance sheet each year,a not-for-profit will not prepare these statements.

Question

Quizplus · Accepted Answer

Excess revenue over expenses in a for-profit organization can go to the organization's owners as profit, while in a not-for-profit organization, this excess goes back into the organization's mission or is used for future operations.

One Difference Between a For-Profit and a Not-For-Profit Organization Is