Phyllis Gene is a certified human resource manager who serves on the board of a local professional

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Phyllis Gene is a certified human resource manager who serves on the board of a local professional association of human resource managers. The association puts on an annual conference for its members at which there are educational workshops and keynote speakers. For the first time, the board is considering setting up an exhibit space for vendors. The board believes that the sale of exhibit space to vendors could result in substantial revenues, which could be used to support the association's mission. A concern of Ms. Gene's is whether the revenues generated would be subject to unrelated business income tax. As a result, Gene has asked your assistance, as an accounting student, in helping determine any tax implications related to the proposal.
Required
Create a list of questions to pose to the executive director of the association about the proposed advertising, so that the board has all the relevant facts on hand.
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Related Book For  answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078025822

17th edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson

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