Did the Community of Christ denounce the Book of Mormon? Most Mormons seem to be under the impression that the Community of Christ agreed to denounce the Book of Mormon as scripture in order to be accepted into the World Council of Churches. It's obvious that this isn't true, because the CofChrist names the Book of Mormon as accepted scripture in their Basic Beliefs. 

Did the Community of Christ denounce the Book of Mormon? If not, then why are the LDS under the impression that they did?
The Community of Christ has not denounced the Book of Mormon. According to Wikipedia the Community of Christ views the Book of Mormon as an additional witness of Jesus Christ and publishes two versions of the book through its official publishing arm, Herald House, all of which is inconsistent with a view that the Community might have denounced the book in order to win favour with the World Council of Churches.

However, the Community of Christ is uncertain about the proper use of the Book of Mormon and even its historicity. In 2001, President W. Grant McMurray reflected on increasing questions about the Book of Mormon, while stating that in speaking on behalf of the community he did not speak for each person within our community: 


  "The proper use of the Book of Mormon as sacred scripture has been under wide discussion in the 1970s and beyond, in part because of long-standing questions about its historicity and in part because of perceived theological inadequacies, including matters of race and ethnicity."


At the 2007 Community of Christ World Conference, President Stephen M. Veazey ruled as out of order a resolution to "reaffirm the Book of Mormon as a divinely inspired record". In so doing he stated: 


  "While the Church affirms the Book of Mormon as scripture, and makes it available for study and use in various languages, we do not attempt to mandate the degree of belief or use."


So, the Book of Mormon remains part of Community of Christ scripture, although it is said to be a longstanding tradition that belief in the Book of Mormon is not to be used as a test of fellowship or membership in the church. Belief by some members of the mainstream Mormon Church (Latter Day Saints) that the Community of Christ has officially denounced the Book of Mormon probably results from a misunderstanding, not only of the comments by McMurray and Veazey, but because many members of the CoC are said to believe the Book of Mormon was written by Joseph Smith himself, and not translated from the writings of ancient Americans.