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1) A.Explain how characteristics of not-for-profit organizations differ from for-profit organizations. B.Explain the authoritative accounting standard-setting bodies for governmental not-for-profit organizations and non-governmental not-for-profit organizations.

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A.Explain how characteristics of not-for-profit organizations differ from for-profit organizations.

B.Explain the authoritative accounting standard-setting bodies for governmental not-for-profit organizations and non-governmental not-for-profit organizations.

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