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Which of the following statements is FALSE regarding not-for-profit entities: Cannot pay dividends and all earnings must be retained in the business Classified certain assets

Which of the following statements is FALSE regarding not-for-profit entities:

Cannot pay dividends and all earnings must be retained in the business

Classified certain assets as being restricted which are managed through fund accounting

Not-for-profit firms have no stakeholders and are controlled by a board of trustees

They have greater access to capital markets relative to for-profit providers

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