Which Of The Following Statements Is Prepared By All Not For-profit Organizations? The statement of activities is one of the main financial statements of a nonprofit or not-for-profit organization. A nonprofit’s statement of activities is issued instead of the income statement which is issued by a for-profit business. Which financial statements are prepared by not
What Is The Difference Between Profit And Nonprofit Business Organization? While for-profit organizations are responsible for paying taxes based on their net income, nonprofit organizations are exempt from paying income tax. … While nonprofits are not required to pay taxes on net income, they are responsible for state and property taxes. What is the major
How Do You Differentiate Between A For-profit Organisation And A Not For-profit Organisation So Long Utilization Of Available Resources Is Concerned? Non-profit organizations have no owners. … While for-profit organizations are responsible for paying taxes based on their net income, nonprofit organizations are exempt from paying income tax. What is the difference between non for-profit