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Category > Business & Finance Posted 02 Aug 2017 My Price 5.00

Listed below are some identifying characteristics of organizations. Indicate with a check mark

Listed below are some identifying characteristics of organizations. Indicate with a check mark (Y) in the appropriate column(s) those characteristics that apply to each type of organization. (Hint: Some characteristics may apply to more than one type of organization).

 

Characteristics of Organizations

Type of Organization

Business

Not-for-

Profit

Government

Has a need for accounting

     

Operates according to a legal budget

     

Has equity shareholders

     

Receives voluntary contributions

     

Levies and enforces collection of taxes

     

Revenues are based on exchange transactions

     

Follows fund accounting

     

Is exempt from federal income taxes

     

Financial reporting focuses on entity as a whole

Answers

(8)
Status NEW Posted 02 Aug 2017 03:08 PM My Price 5.00

TYP-----------e o-----------f O-----------rga-----------niz-----------ati-----------on -----------Cha-----------rac-----------ter-----------ist-----------ics----------- of----------- Or-----------gan-----------iza-----------tio-----------ns -----------Bus-----------ine-----------ss -----------Not------------fo-----------r- -----------Pro-----------fit----------- Go-----------ver-----------nme-----------nt -----------Has----------- a -----------nee-----------d f-----------or -----------acc-----------oun-----------tin-----------g Y----------- Y -----------Y O-----------per-----------ate-----------s a-----------cco-----------rdi-----------ng -----------to -----------a l-----------ega-----------l

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