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for-profit organization

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A sole proprietorship, partnership, or corporation organized for the purpose of earning profits and enhancing the financial position of the owners.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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