Robin, Inc

question 11

Multiple Choice

Robin, Inc., a tax-exempt organization, leases a building and equipment to XYZ Corporation. The rental income from the building is $480,000 and from the equipment is $36,000. Rental expenses are $300,000 for the building and $33,000 for the equipment. What adjustment must be made to net unrelated business income?

• A)$0.
• B)($33,000).
• C)($36,000).
• D)($183,000).
• E)Some other amount.

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Definitions:

Phrenic Artery

An artery that supplies blood to the diaphragm.

Superior Hemorrhoidal Artery

A blood vessel that supplies blood to the upper part of the rectum and anal canal, also known as the superior rectal artery.

Gallbladder

An organ that stores bile produced by the liver, releasing it into the small intestine to aid in the digestion of fats.

Internal Mammary Artery

A major artery running along the inside of the chest wall, often used as a graft in coronary artery bypass surgery.