Governmental and Nonprofit Accounting (11th Edition)
Governmental and Nonprofit Accounting (11th Edition)
11th Edition
ISBN: 9780133799569
Author: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott
Publisher: PEARSON
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Chapter 1, Problem 5Q

It was noted in this chapter that most of the differences between commercial accounting and accounting for G&NP organizations result from differences in (a) organizational objectives, (b) sources of financial resources, and (c) methods of evaluating performance and operating results. Explain.

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