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In not-for-profit accounting, an acquisition occurs when one not-for- profit entity obtains: Multiple Choice O Significant influence over another not-for- profit entity. O More than

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In not-for-profit accounting, an acquisition occurs when one not-for- profit entity obtains: Multiple Choice O Significant influence over another not-for- profit entity. O More than 50% of another not-for- profit entity's fixed assets. O The right to collect more than 20% of pledged contributions. O Control over another not-for- profit entity. O None of these answer choices are correct. An acquisition can only occur for profit-oriented entities

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