Not-for-profit entities from business entities


A primary characteristic that distinguishes not-for-profit entities from business entities is :

A. the need to generate revenues equal to or in excess of expenditures or expenses.

B. the correlation between revenues generated and demand for goods or services.

C. the need to provide goods or services.

D. the importance of the budget in the governing process.

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Accounting Basics: Not-for-profit entities from business entities
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