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The Help the City's Children organization is a public charity under IRC Sec. 501(c)(3). It had total support of the following: United Way support .................... $ 40,000 Contribution from the city ............... 30,000 Contributions from individuals ......... 350,000 Investment income ........................ 70,000 $ 490,000 Of the $350,000 received from contributors, $300,000 came from five contributors, each of whom gave more than $10,000; the other $50,000 came from small individual contributors. Required a. Calculate the total amount of support that qualifies as "public support" in meeting the public support test to escape private foundation status. b. Is the organization considered a public charity? Why? c. If the organization had received the $300,000 from one individual (rather than five individuals), would the NFP still be classified the same as in your response to part b?
lifetime sells softball equipment. on november 14 they shipped 2000 worth of softball uniforms to palos middle school
If this is the highest payment you can afford and don't have much to put down and the mortgage requires 5% down, what is maximum house price that you can afford?
1. what au standard contains information about derivatives and securities that should be included in the management
describe the purpose of each financial statement. determine which one 1 is the most effective in communicating the
during january 2012 wells inc. acquired 30 of the outstanding common stock of wilton co. for 1400000. this investment
Intangible development costs total $120,000. After extraction has occurred, Balcom must restore the property (estimated fair value of the obligation is $60,000), after which it can be sold for $170,000. Balcom estimates that 5,000 tons of coal can..
during 2011 actual number of units produced and sold was 5500. actual cost of direct materials used was 668800 based on
Andy Roddick is the new owner of Ace Computer Services. At the end of August 2007, his first month of ownership, Roddick is trying to prepare monthly financial statements. Below is some information related to unrecorded expenses that the business ..
on january 1 2009 1000000 5-year 10 bonds were issued for 960000. interest is paid semiannually on january 1 and july
In the current year, the partnership reports $400,000 in ordinary income. What are Yees distributive share and her guaranteed payment?
using the following data prepare a classified balance sheet for blanchard company as of december 31 2015.cashnbspnbsp
dinkle manufacturing company manufactures a variety of tools and industrial equipment. the company operates through
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