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Louisa Runs a Corporation Which Sells Bracelets to Generate Money

Question 60

Multiple Choice

Louisa runs a corporation which sells bracelets to generate money to run a soup kitchen that feeds the needy. The corporation earns profits, but has no shareholders. Instead, all profits are used to provide food for the needy. The corporation is most likely a ________ ?


A) Public corporation.
B) S corporation.
C) A corporation.
D) Private corporation.
E) Nonprofit corporation.

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