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FASB Statement of Financial Accounting Concepts No. 4 notes three unique characteristics that distinguish governments and not-for-profit organizations (NFPs) from business entities. Visit FASBs website

FASB Statement of Financial Accounting Concepts No. 4 notes three unique characteristics that distinguish governments and not-for-profit organizations (NFPs) from business entities. Visit FASBs website at www.fasb.com, access the statement, and discuss the essential characteristics that distinguish non-business organizations.

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