- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 1. Organizational Forms, Corporate Issuer Features, and Ownership
- Subject 1. Organizational Forms of Businesses
CFA Practice Question
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.
Correct Answer: I, II and III.
They are formed to promote a public benefit, religious benefit, or charitable mission.
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