Match the Following Statements

question 136

Short Answer

Match the following statements.
a.Exempt from tax on unrelated business.b.Inappropriate definition.c.Exempt organization may be subject to the tax on unrelated business income.d.Annual information return of an exempt organization that is required to file a return and which is not a private foundation.e.Appropriate definition.f.Annual information return of a private foundation.
-Debt-financed income is the net income from debt financed property.

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Definitions:

Average Attendance

The mean number of individuals present at a series of events or gatherings.

Games Won

The total number of victories achieved in a series of games or sporting events.

Random Sample

A selection from a larger population that is made in such a way that every individual has an equal chance of being included.

Yachts

Luxury vessels used for private cruising, racing, or other recreational sailing activities.