Explanations of differences in section organizations


Question 1. A volunteer fire company is most likely organized under Section:

a.    501(c)(1)
b.    501(c)(3)
c.    501(c)(4)
d.    501(c)(7)

Question 2. A club formed for pleasure, recreation, and social activities is most likely organized under Section:

a.    501(c)(1)
b.    501(c)(3)
c.    501(c)(4)
d.    501(c)(7)

Question 3. An organization that promotes its members' common business interests is most likely organized under Section:

a.    501(c)(2)
b.    501(c)(5)
c.    501(c)(6)
d.    501(c)(9)

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Accounting Basics: Explanations of differences in section organizations
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