Which of the following is a distinguishing characteristic of a nonbusiness organization? Select one: A). There is an absence of ownership interests that can be sold, transferred, or redeemed. B). It does not depreciate its capital assets. C). It does not charge fees for any of its services. D). Its revenues do not exceed its expenses

Which of the following is a distinguishing characteristic of a nonbusiness organization? Select one: A). There is an absence of ownership interests that can be sold, transferred, or redeemed. B). It does not depreciate its capital assets. C). It does not charge fees for any of its services. D). Its revenues do not exceed its expenses

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 10MC

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