A(n) _____ Cannot Distribute Dividends to Its Members

question 85

Multiple Choice

A(n) _____ cannot distribute dividends to its members.

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

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Definitions:

Earn

To receive payment in return for work or services provided, or to gain money or profit through investment or business activities.

Car Loan

A financial loan that consumers use specifically to buy a new or used car, typically secured against the car itself.

Interest Rate

The interest rate is the percentage of the loan amount that lenders charge borrowers as interest, usually represented as an annual percentage of the remaining loan balance.

Afford

The financial ability of an individual or organization to bear the cost of something without experiencing financial strain.