Accounting · Financial Statements of NPOs
Which TWO of the following statements about a not-for-profit entity are valid? 1. There is no requirement to calculate an earnings per share figure as it is not likely to have shareholders. 2. The revaluation of its property, plant and equipment is not relevant as it is not a commercial entity. 3. It prioritises non-financial KPIs over financial targets. 4. Its financial statements will not be closely scrutinized as it does not have any investors.
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