If a Nonprofit Corporation Is Ever Dissolved, Its Assets Must

question 7

Multiple Choice

If a nonprofit corporation is ever dissolved, its assets must be distributed ____. ​

• A)to the owners
• B)at public auction
• C)to another tax-exempt organization
• D)to the shareholders
• E)to the federal government

Recognize the use of mobile devices to enhance presentation accessibility and distribution.

Identify different types of materials best suited for handouts.

Understand the timing and strategic distribution of handouts during a presentation.

Comprehend the structure and function of navigation and support slides in presentations.

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Definitions:

Cash Flows

Cash flows refer to the net amount of cash and cash-equivalents being transferred into and out of a business.

Cash Uses

Refers to how cash is spent or utilized by an individual or organization, including operating expenses, investment activities, and financing activities.

Direct Method

A way of preparing the cash flow statement in which actual cash flow information from the company's operations segment is used, rather than being derived from the income statement.

Operating Activities

Activities that constitute the primary or main activities of an organization, such as selling products or services.