Which of the Following Statements Are Correct

question 58

Multiple Choice

Which of the following statements are correct?

• A)If an exempt organization has annual gross receipts of less than $50,000, it files an e-Postcard (Form 990-N).
• B)Private foundations must file Form 990-PF (Return of Private Foundation).
• C)An exempt organization with less than $250,000 in gross receipts may file a Form 990-EZ.
• D)Only a.and b.are correct.
• E)a., b., and c.all are correct.

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Definitions:

Financial Ratio

A measurement that evaluates the performance, liquidity, or financial health of a company by comparing two pieces of financial data.

Performance Assessment

The process of evaluating the efficiency, effectiveness, and quality of an individual's or organization's work.

Best Practice Accreditation

Recognition awarded to organizations or individuals that meet superior industry standards and demonstrate excellence in their field of work.

Positives and Negatives

Referring to the favorable and unfavorable aspects of a situation or decision.