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    Accounting for Governmental
  4. Exam
    Exam 13: Not-for-Profit Organizations—Regulatory, Taxation, and Performance Issues
  5. Question
    Which of the Following Would Not Be Required Under Not-For-Profit
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Which of the Following Would Not Be Required Under Not-For-Profit

Question 52

Question 52

Multiple Choice

Which of the following would not be required under not-for-profit incorporation laws?


A) Appointment of a board of directors.
B) Establishment of by-laws.
C) A clearly stated purpose for the organization.
D) Application for 501(c) (3) status.

Correct Answer:

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