Match the Following Statements

question 32

Multiple Choice

Match the following statements.
-The trade or business is not substantially related to the exempt purpose of the organization.

• 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:

Financial Performance

An overview of how well a business is using its assets to generate profits and cash flow, often analyzed through financial statements.