Happta Is a Corporation with Tax-Exempt Status

question 140

Multiple Choice

Happta is a corporation with tax-exempt status. It has members but cannot have stockholders. Given this information, Happta is most likely a(n) :

• A) S corporation.
• B) C corporation.
• C) not-for-profit corporation.
• D) statutory close corporation.

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Definitions:

Nearest Tenth

A term used in mathematics to round a number to the first decimal place.

Product

A good or service offered by a company to customers.

Base

In mathematics, the number that is raised to a power in exponential expressions or the substance in chemistry that accepts protons or donates electrons.

Common Factors

Numbers or expressions shared as factors by two or more numbers or algebraic expressions.