If Geraldine is an accountant for a not-for profit, which of the follo

QUESTION

If Geraldine is an accountant for a not-for profit, which of the following is TRUE about her?

A) She is mostly concerned with the organization’s efficiency.
B) She prepares exactly the same types of reports as for-profit accountants.
C) She’s employed only by large corporations.
D) She cannot become a CPA.
E) She cannot be employed by the government.

ANSWER

Answer: A
Explanation: A) Not-for-profit accountants, who work for governments and nonprofit organizations, perform the same services as for-profit accountants—except they’re concerned with efficiency, not profits.