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:

Density

A measurement of mass per unit volume of a substance, often used in scientific and engineering contexts to describe the compactness of a material.

More Diverse

Referring to a greater variation in characteristics, attributes, or elements within a particular group or set.

Marketing Environment

Refers to the external forces that affect a company's ability to engage with consumers, including social, technological, economic, environmental, and political factors.

Mainstream Reader

A person who prefers reading popular or widely accepted literature, typically the most common and commercially successful works.