Match the Following Statements

question 1

Multiple Choice

Match the following statements.
-Bingo games

• A)Distribution of such items is not considered an unrelated trade or business if they are "low-cost items".
• B)Is considered an unrelated trade or business if the amount received is contingent upon the level of attendance at one or more events
• C)Is considered an unrelated trade or business if legally it can be conducted by commercial (for-profit) entities.
• D)A trade or business that consists of either renting or exchanging these with another exempt organization is not an unrelated trade or business.

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Definitions:

Credit Terms

Refers to the conditions, including payment timelines and interest rates, under which credit is extended to borrowers.

Receivables Period

The average time that it takes for a business to receive payments owed by its customers for goods or services rendered.

Cash Sales Policy

A policy where transactions are only completed with immediate payment of cash, rather than credit or other delayed payment methods.

Cash Receipts

The total amount of money received by a business or organization during a specific period, often documented for accounting purposes.