The Primary Users of the Financial Statements of Private Not-For-Profit

question 122

Multiple Choice

The primary users of the financial statements of private not-for-profit organizations are:

• A) Owners of the organization.
• B) Present and potential donors.
• C) Investors.
• D) Government agencies.

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Definitions:

Free Black Communities

Historical communities formed by African Americans who were free from slavery, often before the Civil War, creating their own cultural, economic, and social institutions.

Gold and Silver Mines

Sites or locations where gold and silver ore are extracted from the earth, historically significant for their economic value and impact on regional development.

Enslaved Africans

People from Africa who were forcibly taken from their homeland, transported to the Americas, and subjected to a lifetime of slavery.

Spanish Expeditions

Exploratory and military expeditions led by Spain from the 15th to the 17th century, resulting in the expansion of Spanish territory and influence, especially in the Americas.