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    Essentials of Accounting Study Set 3
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    Exam 13: Auditing, Tax-exempt Organizations, and Evaluating Performance
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    Entities That Are Tax-Exempt Under IRS Section 501c3 Are Prohibited
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Entities That Are Tax-Exempt Under IRS Section 501c3 Are Prohibited

Question 85

Question 85

True/False

Entities that are tax-exempt under IRS Section 501c3 are prohibited from having surpluses revenues exceed expenses.

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