A(n) _____ cannot distribute dividends to its members.
A) S corporation
B) C corporation
C) not-for-profit corporation
D) statutory close corporation

Name: A(n) _____ cannot distribute dividends to its members. A) S corporation B) C corporation C) not-for-profit corporation D) statutory close corporation
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Question

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A not-for-profit corporation is organized for purposes other than generating profit and is prohibited from distributing dividends to its members.

A(n) _____ Cannot Distribute Dividends to Its Members