When a Not-For-Profit Corporations Dissolves,its Assets Are ________

question 39

Multiple Choice

When a not-for-profit corporations dissolves,its assets are ________.

• A) transferred to the federal government
• B) distributed among major donors
• C) passed to the owners' families
• D) given to a similar not-for-profit group
• E) seized by the state

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Definitions:

Apex

The top or highest part of something, often pointed; used in various anatomical contexts.

Auricles

The external part of the ear, also known as the pinna, which is visible on the sides of the head.

Chordae Tendineae

Tendinous cords that connect the papillary muscles to the atrioventricular valves in the heart to prevent inversion during contraction.