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An eligible § 501(c)(3) organization has made the § 501(h) election to participate in lobbying on a limited basis.If the ceiling on lobbying established in § 501(h) (lobbying nontaxable amount) is exceeded, what are the potential tax consequences to the exempt organization?
Receivables
Amounts due from customers to a company for goods delivered or services rendered, awaiting payment.
Inventory Turnover
A ratio showing how many times a company has sold and replaced inventory over a certain period of time, indicating the efficiency of inventory management.
Financing Costs
Expenses associated with raising capital through debt or equity.
Obsolescence
The process of becoming outdated or no longer used, often due to technological advances.
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