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*****NEW ANS PLS****** 1. Discuss how characteristics of not-for-profit organizations differ from for-profit organizations. 2. Discuss some of the differences in the preparation and presentation

*****NEW ANS PLS******

1. Discuss how characteristics of not-for-profit organizations differ from for-profit organizations.

2. Discuss some of the differences in the preparation and presentation of the operating statements of nongovernmental not-for-profit entities and governmental not-for-profit entities reporting as business-type entities.

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