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No. Non stock may just mean the for profit company is privately held, meaning it is not a publicly traded company.

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11y ago

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What is nonprofit stock?

There is no such thing as non profit stock. Stock implies ownership in a for profit company.


Are the kiwana's a non profit organization?

Do you mean Kiwanis? If so, it is a non profit but not a public charity.


Which of the following terms best represents an incorporated organization that is not intended to provide a profit to the owners and is always organized as a non-stock corporation?

non-profit corporation


What is the difference between not-for-profit and non-profit?

No difference. They mean the same thing.


What is the difference between not-profit and non-profit?

No difference. They mean the same thing.


Would the electric company most likely be a profit or nonprofit corporation?

An electric company can be either profit or non-profit. If it is listed on the stock exchange, it has shareholders who expect a profitable return on their investment. If it is a Co-op, or consumer/customer owned, then it is non-profit and operated for their benefit as opposed to a profit.


What is mean by revenue in accounting?

revenue mean the grows of stock when you sale out the item or is the profit of income


What is the difference between non-profit and not-for-profit?

There is not difference; they mean the same thing.


A shareholder in a non-profit organization cannot be located or has died and there are no heirs so what happens to his share of stock?

Stock more than likely will be escheated to the state of residence.


How does non iata work?

Non-IATA mean a company which is not registered with IATA. (International Air Transport Association). Thus they can do their business by using documents OR bills stock of any IATA approved company. A non-IATA company must have to share some profit with IATA company from which they have associated.


Can a non profit company turn a profit?

Yes. Non profit is a tax status.


What is the effect on net profit if opening stock is undervalued?

If Opening Stock is undervalued, this will result in your Cost of Sales being understated and therefore Gross and Net Profit being overstated. Of course, since Opening Stock in this period is the last period's Closing Stock, this would mean that Closing Stock in the last period was understated too, meaning that Net Profit in the last period was understated. That doesn't make it OK though!