Entities That Are Tax Exempt Under IRS Section 501(c)3 Are

question 102

True/False

Entities that are tax exempt under IRS Section 501(c)3 are prohibited from endorsing political candidates or attempting to influence legislation.

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Definitions:

Net Income

The total earnings of a company after deducting all expenses and taxes from total revenue.

Cash Dividends

Profits paid out to shareholders from a company's earnings in the form of cash.

Investing Activities

Financial actions involving long-term assets, like buying or selling property, plant, and equipment, crucial for strategic growth planning.

Equipment Sale

The process of selling off business equipment, often used machinery or vehicles, either to raise funds or dispose of assets no longer needed.