Examlex
When normal spoilage is common to all jobs, the budgeted manufacturing overhead rate includes a provision for the normal spoilage cost.
501(c)(3) Status
A tax designation in the United States for nonprofit organizations that exempts them from federal income taxes, pertaining to charitable, religious, educational, or scientific purposes.
Tax-Exempt
Income or transactions that are legally exempt from tax by the government, including certain types of bonds and nonprofit organization earnings.
Not-For-Profit Entity
A not-for-profit entity is an organization that operates for charitable, educational, or social purposes rather than generating profit for shareholders or owners.
Donor Retains Control
A situation where a donor gives a gift or assets but maintains a level of decision-making power or influence over those assets or their management.
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