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E1-1 (Characteristics of not-for-profit and governmental entities) The mayor of a large city approaches a...

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Accounting

E1-1 (Characteristics of not-for-profit and governmental entities) The mayor of a large city approaches a group of citizens and suggests that they form an organization to provide social, educational, and recreational programs for local youth. The group agrees and forms an entity called the Community Youth Organization (CYO). The group also chooses a board of directors, and the board hires an executive director and several staff members. CYO

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