Retained in the business, Cannot pay dividends and all

Retained in the business

Assignment Help Financial Accounting

Reference no: EM13914017

Which of the following statements is FALSE regarding not-for-profit entities.

a. Cannot pay dividends and all earnings must be retained in the business.

b. Classified certain assets as being restricted which are managed through fund accounting.

c. Not-for-profit firms have no stakeholders and are controlled by a board of trustees.

d. They have greater access to capital markets relative to for-profit providers.

Reference no: EM13914017

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