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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. 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

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