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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 13: Not-for-Profit Organizations—Regulatory, Taxation, and Performance Issues
  5. Question
    A Large Not-For-Profit Organization Expended $1,250,000 in Direct Lobbying During
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A Large Not-For-Profit Organization Expended $1,250,000 in Direct Lobbying During

Question 30

Question 30

True/False

A large not-for-profit organization expended $1,250,000 in direct lobbying during the current year. As long as the $1,250,000 did not exceed 2 percent of the organization's gross receipts, the amount is allowable according to the Internal Revenue Code.

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