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Question 3 4 pts Nonprofits receive significant amounts of contributions, operate for purposes other than to generate a profit, lack shareholders or owners. O True O False Question 4 4 pts All governmental entities have the power to tax. O True O FalseQuestion 2 4 pts All nonprofits are organized to benefit the public. O True O FalseQuestion 20 In which classication of net assets are expenses reported? 0 Only in net assets without donor restrictions 0 Only in net assets with donor restrictions 0 Either in net assets without donor restrictions or net assets with donor restrictions, depending on who the donor is 0 Either in net assets without donor restrictions or in board-designated net assets