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Basic Question 4 of 4
Which statement(s) is/are true regarding non-profit corporations?
II. They don't distribute dividends.
III. They generally don't pay taxes.
I. The don't have shareholders.
II. They don't distribute dividends.
III. They generally don't pay taxes.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare the organizational forms of businesses
CFA® 2025 Level I Curriculum, Volume 2, Module 1.