Blue, Inc, Receives Its Support from the Following Sources

question 57

Multiple Choice

Blue, Inc., receives its support from the following sources. Governmental unit A for services rendered $18,000
General public for services rendered 25,000
Gross investment income 8,000
Contributions from individual disqualified persons 19,000
Which of the following statements is correct?

• A) Blue is a private foundation because it satisfies the external support test and fails the internal support test.
• B) Blue is not a private foundation because it fails both the internal and external support tests.
• C) Blue is a private foundation because it satisfies both the external support test and the internal support test.
• D) Blue is not a private foundation because it satisfies both the external support test and the internal support test.

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Definitions:

Aboriginal Peoples

Indigenous groups native to a particular region, distinguished by cultural, linguistic, and historical characteristics, often with a distinct relationship to their ancestral lands.

Biological Concept

Fundamental ideas in biology that include understanding the structure and function of cells, the principles of genetics, and the basic laws of evolution.

Sociology

The study of the development, structure, and functioning of human society, including patterns of social relationships, social interaction, and culture.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to work without compensation.