A § 501(c)(3) organization exchanges its membership lists with another exempt organization. What are the Federal income tax consequences?
What will be an ideal response?
If an exempt organization conducts a trade or business that consists of either exchanging with or renting the organization’s donor or membership list to other exempt organizations, the activity is not an unrelated trade or business.
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Allowance for Bad Debts is a(n)
a. contra-sales account; b. liability account; c. asset; d. contra-asset; e. contra-liability.
A public relations audit identifies changes in public opinion affecting the organization.
Answer the following statement true (T) or false (F)
There will be significant ethical diversity in any one organization because of
A. opportunity. B. relationship pressures. C. different levels of personal ethics. D. organizational factors. E. organizational culture.
Which of the following is a discrete random variable?
a. The number of times a student guesses the answers to questions on a certain test. b. The amount of gasoline purchased by a customer. c. The amount of mercury found in fish caught in the Gulf of Mexico. d. The height of water-oak trees.