Multiple Choice
Which of the following conditions is applicable to all not-for-profit organizations?
A) They must be classified as a church,educational,or charitable institution.
B) Their earnings should be used to benefit the shareholders.
C) Profit must be reinvested and used for the organization's exempt purpose.
D) Shareholder earnings are limited by the tax code.
Correct Answer:
Verified
Correct Answer:
Verified
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