Match the Following Statements

question 18

Short Answer

Match the following statements.
a.Distribution of such items is not considered an unrelated trade or business if the value does not exceed $9.10 in 2008.
b.Is considered an unrelated trade or business if the amount received is contingent upon the level of attendance at one or more events, broadcast ratings, or other factors indicating the degree of public exposure to one or more events.
c.Is considered an unrelated trade or business if 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.
-Low cost articles

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Definitions:

Fixed Assets

Long-term tangible assets used in operations, such as buildings and machinery, not expected to be converted to cash within a year.

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries.

Subsidiary Company

A company that is controlled by another company, often referred to as the parent company, through ownership of more than half of its voting stock.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.