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Blue,Inc.,receives Its Support from the Following Sources

question 82

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Blue,Inc.,receives its support from the following sources.
Blue,Inc.,receives its support from the following sources. Which of the following statements is correct? A) Blue, Inc., is a private foundation because it satisfies the external support test and fails the internal support test. B) Blue, Inc., is not a private foundation because it fails both the internal and external support tests. C) Blue, Inc., is a private foundation because it satisfies both the external support test and the internal support test. D) Blue, Inc., is not a private foundation because it satisfies both the external support test and the internal support test. E) None of the statements is true.
Which of the following statements is correct?

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