Chapter 1, Problem 7Q

Use the internet to research one for-profit, one governmental, and one not-for-profit entity. For each entity, describe the following:

A. the primary purpose of the entity

B. the types of activities that accountants would record (hint: what is the source of the entity’s funding, and what costs might the entity have?)

C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process