Which of the following is NOT a reason for which a not-for-profit organization would need to generate a surplus?

Question

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Establishing working capital, retiring debt and expanding or replacing physical facilities and continuing a program beyond the period that the initial funding provided are all reasons why a private not-for-profit would want an increase in net assets. Paying bonuses is not a reason for a not-for-profit to generate a surplus increase in net assets).

Which of the Following Is NOT a Reason for Which