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Which of the following statements about a not-for-profit firm's 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.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M945182

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