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Lee and Lou have a garage sale at Lee’s house and make $225…

Posted on: March 13, 2025 Last updated on: March 14, 2025 Written by: Anonymous
Lee and Lou have a garage sale at Lee’s house and make $225 from selling their used clothing, furniture, and other items.  Which Arkansas tax is charged for this transaction?
Continue reading “Lee and Lou have a garage sale at Lee’s house and make $225…”…

Joe lives in Arkansas and owns a lawn care business.  He cut…

Posted on: March 13, 2025 Last updated on: March 14, 2025 Written by: Anonymous
Joe lives in Arkansas and owns a lawn care business.  He cuts and maintains your lawn in Arkansas.  Which Arkansas tax is charged for this transaction?
Continue reading “Joe lives in Arkansas and owns a lawn care business.  He cut…”…

Marcy lives in Louisiana and purchases items from Wal-Mart.c…

Posted on: March 13, 2025 Last updated on: March 14, 2025 Written by: Anonymous
Marcy lives in Louisiana and purchases items from Wal-Mart.com that are shipped and sold by Wal-Mart.  Wal-Mart’s headquarters are in Bentonville, AR.  Which Arkansas tax is charged for this transaction?
Continue reading “Marcy lives in Louisiana and purchases items from Wal-Mart.c…”…

Maria lives in Arkansas and purchases items from Wal-Mart.co…

Posted on: March 13, 2025 Last updated on: March 14, 2025 Written by: Anonymous
Maria lives in Arkansas and purchases items from Wal-Mart.com that are shipped and sold by Wal-Mart.  Wal-Mart’s headquarters are in Bentonville, AR.  Which Arkansas tax is charged for this transaction?
Continue reading “Maria lives in Arkansas and purchases items from Wal-Mart.co…”…

While corporations are required to pay income taxes, most no…

Posted on: March 13, 2025 Last updated on: October 11, 2025 Written by: Anonymous
While corporations are required to pay income taxes, most nonprofits are not.
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The Statement of Cash Flows for a nonprofit organization con…

Posted on: March 13, 2025 Last updated on: October 11, 2025 Written by: Anonymous
The Statement of Cash Flows for a nonprofit organization consists of which three sections?
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The local elementary school hosts a fundraising event to rai…

Posted on: March 13, 2025 Last updated on: March 14, 2025 Written by: Anonymous
The local elementary school hosts a fundraising event to raise money for new playground equipment. The cost of hosting the event would be listed on the Statement of Activities as a 
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Nonprofits are not allowed to borrow money like for-profit b…

Posted on: March 13, 2025 Last updated on: October 11, 2025 Written by: Anonymous
Nonprofits are not allowed to borrow money like for-profit businesses are.
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Which of the following is not an example of a Red Cross prog…

Posted on: March 13, 2025 Last updated on: October 11, 2025 Written by: Anonymous
Which of the following is not an example of a Red Cross program expense?
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There are currently no accounting software packages availabl…

Posted on: March 13, 2025 Last updated on: October 11, 2025 Written by: Anonymous
There are currently no accounting software packages available for nonprofit organizations.
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