Match the Following Statements

question 103

Multiple Choice

Match the following statements.
-Membership lists

• 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.

---

Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Long-lived Assets

Assets that are expected to provide economic benefits over a period longer than one year, such as buildings or machinery.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the premium paid over the fair value of the identifiable assets and liabilities.

ASPE

Accounting Standards for Private Enterprises; a set of accounting guidelines for private companies in Canada.