Which of the following statements is true of not-for-profit corporations?
A) They provide services to their members.
B) They must distribute all of their surplus revenues to their shareholders.
C) They must distribute all of their excess revenues to charities.
D) They issue stocks only to their owners.
Correct Answer:
Verified
Q31: The law of piercing the corporate veil
Q32: Not-for-profit corporations are regulated primarily by the:
A)states.
B)federal
Q33: Which of the following corporation classes' profits
Q34: A Subchapter S corporation is typically treated
Q35: The controlling shareholders are the only managers
Q37: Toywood Inc. ,headquartered in Vermont,specializes in manufacturing
Q38: Which of the following is true about
Q39: The corporate form of business has facilitated
Q40: The Model Business Corporation Act (MBCA)was prepared
Q41: A state law regulating the activities of
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