Which of the following characteristics identify a nonprofit as it relates to tax-status? (Choose all that apply.) Select one or more: a. They don't generate profit that gets reinvested into their mission. b. They are governed by a compensated board of directors c. They are primarily funded by membership fees d. They have a mission that is based around serving the public need

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter1: Role Of Accounting In Society
Section: Chapter Questions
Problem 9MC: A governmental agency can best be described by which of the following statements? A. has a primary...
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Which of the following characteristics identify a nonprofit as it relates to tax-status? (Choose all that apply.)

Select one or more:
a.

They don't generate profit that gets reinvested into their mission.

b.

They are governed by a compensated board of directors

c.

They are primarily funded by membership fees

d.

They have a mission that is based around serving the public need

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