Which of the Following Are Exempt Organizations

question 84

Multiple Choice

Which of the following are exempt organizations?

• A)National Football League (NFL).
• B)American Bankers Association (ABA).
• C)Professional Golfers Association (PGA).
• D)Only a.and c.
• E)a., b., and c.

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Definitions:

Dividends Received

The payments a shareholder receives from a company out of its profits or reserves as a return on the shareholder's investment.

Par Value

The face value of a bond or stock as stated by the issuing company, not necessarily its market value.

Cash Dividend

A financial distribution from a firm's profits to its investors, typically provided as cash.

Stockholders’ Equity

The ownership claim of shareholders on total assets. It is to a corporation what owner’s equity is to a proprietorship.