In not-for-profit accounting, an acquisition occurs when one not-for-profit entity obtains:
A. Significant influence over another not-for-profit entity.
B. Control over another not-for-profit entity.
C. More than 50% of another not-for-profit entity's fixed assets.
D. The right to collect more than 20% of pledged contributions.
E. None of these answer choices are correct. An acquisition can only occur for profit-oriented entities.
Answer: B
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