Which of the Following Statements Are Correct

question 91

Multiple Choice

Which of the following statements are correct?

• A) If an exempt organization has annual gross receipts of less than $50,000, it does not file Form 990 (Return of Organization Exempt from Federal Income Tax).
• B) Private foundations must file Form 990-PF (Return of Private Foundation).
• C) If the gross income from an unrelated trade or business is less than $1,000, it is not necessary to file a return associated with the unrelated business income tax.
• D) Only a. and c. are correct.
• E) a., b., and c. are all correct.

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Definitions:

Enteral

Referring to the route of medication or nutrition administration directly into the intestines, usually through a tube.

Lipid-soluble

Refers to the ability of a substance to dissolve in fats, oils, and lipids, which influences its absorption and distribution within the body.

Water-soluble

Refers to substances that can dissolve in water, indicating their ability to mix with water at the molecular level to form a homogeneous solution.

Biotransformation

The process by which a substance changes from one chemical to another (metabolized) by the body.