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MC Question 15
Which of the following statements about a not-for-profit entity is valid?
| A | There is no requirement to calculate an earnings per share figure as it is not likely to have shareholders who need to assess its earnings performance |
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| B | The current value of its property, plant and equipment is not relevant as it is not a commercial entity |
| C | Interpretation of its financial performance using ratio analysis is meaningless |
| D | Its financial statements will not be closely scrutinised as it does not have any investors |