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Is a non-profit corporation also required to submit annual reports to SEC?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter18: Accounting For Income Taxes

Section: Chapter Questions

Problem 21GI

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Question

Is a non-profit corporation also required to submit annual reports to SEC?

Expert Solution

Step 1

The NPO (non-profit corporations) is a non-business entity that is fully or partially funded by the government or federal agencies for charitable purposes.

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