A Corporation Established for Charitable, Public (Scientific, Literary, or Educational)

question 41

Multiple Choice

A corporation established for charitable, public (scientific, literary, or educational) , or religious purposes or for mutual benefit (trade associations, tennis clubs) , as recognized by federal and state laws, is a ____. ​

• A)nonprofit corporation
• B)joint venture
• C)syndicate operation
• D)limited partnership
• E)sole proprietorship

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares of stock rather than cash.

Stock Splits

Corporate actions that increase the number of shares outstanding, reducing the price per share but not changing the company's overall market capitalization.

Stock Dividends

Distribution of additional shares of the company's stock to shareholders instead of cash dividends.