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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 13: Not-for-Profit Organizations—Regulatory, Taxation, and Performance Issues
  5. Question
    If a Tax-Exempt Organization Dissolves and Goes Out of Business
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If a Tax-Exempt Organization Dissolves and Goes Out of Business

Question 5

Question 5

True/False

If a tax-exempt organization dissolves and goes out of business, it must distribute its assets to another tax-exempt organization or a governmental entity.

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