Not-For-Profit Corporations Do Not Issue Stock Certificates and Are Exempt

question 67

True/False

Not-for-profit corporations do not issue stock certificates and are exempt from paying income taxes.

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Definitions:

Precambrian

Relating to or denoting the earliest eon in the earth's history, which ended about 541 million years ago, before the Cambrian period.

Cenozoic

The most recent of the three major subdivisions of animal and plant life on Earth, covering the time from 66 million years ago to the present.

Mesozoic

The era of geologic time from about 252 to 66 million years ago, known as the "Age of Reptiles," including the Triassic, Jurassic, and Cretaceous periods.

Paleozoic

An era in the geological timescale, occurring between 541 million and 252 million years ago, characterized by the early development of abundant marine life and the first emergence of land plants and animals.