Which of the following statements about a not-for-profit firm’s fund capital is most correct?
Which of the following statements about a not-for-profit firms fund capital is most correct?a. Fund capital is equivalent to equity capital in investor-owned firms.b. The sole source of fund capital is the excess of revenues over expenses.c. Fund capital has a zero opportunity cost.d. Fund capital can only come from donations.e. Fund capital does not change over time.
Question:Which of the following statements about a not-for-profit firms fund capital is most correct?a. Fund capital is equivalent to equity capital in investor-owned firms.b. The sole source…
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