Multiple Choice
If a nonprofit corporation is ever dissolved, its assets must be
A) divided among the owners.
B) auctioned to the general public.
C) distributed to another tax-exempt organization.
D) divided among the shareholders.
E) consigned to the government.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: A corporation that is created by filing
Q26: Traditionally, professionals such as lawyers, doctors, and
Q27: Income derived from for-profit activities in a
Q28: Which of the following is NOT an
Q29: All businesses operate under one of four
Q31: Only about 5 percent of all U.S.
Q32: Often small businesses such as restaurants, boutiques,
Q33: What are the disadvantages of a limited
Q34: If a nonprofit corporation meets the Internal
Q35: To help mitigate the risk of lawsuits,