Use the internet to research one for-profit, one governmental, and one not-for-profit entity. For each entity, describe
Question:
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
C. The types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process
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Step by Step Answer:
A The primary purpose of the entity entails the activities designed to achieve the goal of the entity For example in 2008 the primary purpose of a notforprofit entity would be to reduce hunger in Amer...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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