A nonprofit corporation may make a profit,but it may not be distributed to members,directors,or officers.

Name: A nonprofit corporation may make a profit,but it may not be distributed to members,directors,or officers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Nonprofit corporations are allowed to generate a profit, but any profits must be reinvested back into the organization's mission and operations. Profits may not be distributed as personal income or bonuses to members, directors, or officers.

A Nonprofit Corporation May Make a Profit,but It May Not