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Which of the following statements about 501 (c) 3 not-for-profit corporations is not correct? They are exempt from paying taxes on net income They may

image text in transcribed Which of the following statements about 501 (c) 3 not-for-profit corporations is not correct? They are exempt from paying taxes on net income They may legally pay dividends to owners of the corporation They are exempt from paying taxes on general sales transactions They may legally issue tax-exempt debt to raise capital

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