Explain the Similarities and Differences of 501(c)(3) and 501(c)(4) Organizations

question 35

Essay

Explain the similarities and differences of 501(c)(3) and 501(c)(4) organizations.

Calculate and interpret comprehensive income and other comprehensive income.

Prepare financial statements sections related to investments and equity including adjustments for fair value and comprehensive income.

Understand dividend yields and how they vary across different companies and industries.

Account for changes in the valuation allowance related to available-for-sale securities.