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:

Credit

The ability of a consumer to obtain goods or services before payment, based on the trust that payment will be made in the future.

Sample

A portion, piece, or segment taken from something larger to represent the quality, style, or nature of the whole.

Merchantability

An implied warranty that goods sold by a merchant are reasonably fit for the general purpose for which they are sold.

Fungible Goods

Items that are interchangeable with others of the same type because they are identical in essence and value, such as grains or precious metals.