Which of the Following Classes of Corporation May Not Distribute

question 2

Multiple Choice

Which of the following classes of corporation may not distribute surplus revenue from its operations to its members?

• A)An S corporation
• B)For-profit corporation
• C)Not-for-profit corporation
• D)Publicly held corporation

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Definitions:

William and Mary

Refers to the reign of King William III and Queen Mary II who jointly ruled England, Scotland, and Ireland starting in 1689.

Massachusetts

Massachusetts is a U.S. state in the New England region, known for its significant historical, cultural, and educational contributions.

African Americans

People in the United States who have ancestry from the black racial groups of Africa.

West Indies

Another term for the Caribbean Islands, highlighting the region discovered by European explorers during their search for a westward route to India.