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Choose the best response to each question....

Choose the best response to each question.                          

  1. A group of concerned Canadian citizens recently established the Emergency Shelter Society of Ontario. This NFPO focuses on the resettlement of refugees. The board is considering whether to apply for registered-charity status with the Canada Revenue Agency. Which of the following factors is LEAST likely to be relevant to its decision?
  2. The purpose of the organization is to operate and maintain shelters for refugees in Ontario.
  3. One of the three directors on the board wishes to keep his involvement private until the NFPO is well established.
  4. Initially, donations come from anonymous donors who do not require tax receipts; however, the board believes that future donors will want tax receipts.
  5. The organization was formed by a trust deed. A trust does not offer liability protection to its trustees.

Reference:  Not-for-Profit Accounting Version 2.0 David Annand 

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Answered by BaronHeat20623 on coursehero.com

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