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When nongovernment VHWOs and ONPOs hold fund-raising events such as banquets,auctions, and concerts, the gross receipts must often be reported as revenues. Explain or illustratehow

When nongovernment VHWOs and ONPOs hold fund-raising events such as banquets,auctions, and concerts, the gross receipts must often be reported as revenues. Explain or illustratehow the direct costs of these special fund-raising events are to be reported. Also, may these non-government organizations report the special event using the net method

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