If an Exempt Organization Owns a Feeder Organization, the Exempt

question 103

True/False

If an exempt organization owns a feeder organization, the exempt organization is taxed on the profits of the feeder organization under the unrelated business income tax (UBIT) rules.

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Definitions:

Sigmoid Colon

The part of the large intestine that is closest to the rectum and anus, forming an 'S' shape.

Left Lower Quadrant

A section of the abdomen divided into quadrants for anatomical reference, located on the left side below the umbilicus.

Liver

A vital organ located in the upper-right side of the abdomen, involved in numerous functions including detoxification, protein synthesis, and digestion.

Borborygmi

The rumbling or gurgling noises made by the movement of fluid and gas in the intestines, often associated with hunger or digestive activity.