Match the Following Statements

question 56

Multiple Choice

Match the following statements.
-Form 990-PF.

• 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.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor, impromptu expenses.

Journal Entry

A record in accounting that represents a transaction and its effects on accounts, usually including a debit and credit.

Office Supplies

Items used in offices on a regular basis for the purpose of functionality and efficiency, such as pens, paper, and staplers.

Advertising

The action of calling public attention to products, services, or events, typically through paid announcements.