Explain a major difference between a 501(c)(3) tax-exempt organization and a 501(c)(7) tax-exempt organization.

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Jan 11, 2014 09:36 AM

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Explain a major difference between a 501(c)(3) tax-exempt organization and a 501(c)(7) tax-exempt organization.

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A 501c3 taxexempt organization is considered a public charity As such contributions a dono...View the full answer

Accounting for Governmental and Nonprofit Entities

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