Answered

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Determine if the following statement is true or false:

One must determine if a corporation is for profit or non-profit.

A. True
B. False

Sagot :

GinnyAnsweridn

Final answer:

Corporations can be categorized as for-profit or non-profit based on their intended profit distribution to owners.


Explanation:

One must determine if a corporation is for profit or for non-profit.


A for-profit institution is a corporation intended to operate a business to return a profit to the owners by selling stock or privately-held assets.


On the other hand, a non-profit organization is a business entity primarily focused on providing charitable, religious, or educational purposes while not distributing profits to owners.


Learn more about Corporate Profit Classification here:

https://brainly.com/question/34874165


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