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Which of the following is not a distinguishing characteristic of a private not-for-profit organization according...

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Accounting

Which of the following is not a distinguishing characteristic of a private not-for-profit organization according to FASB Statement No.116?
Multiple Choice
Commonly financed through voluntary contributions.
Operate for the direct benefit of members.
Absence of ownership interests like those of business enterprises.
Operating purposes other than to provide goods or services at a profit.
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