Ahmad Owns Four Activities

question 64

Multiple Choice

Ahmad owns four activities. He participated for 120 hours in Activity A, 150 hours in Activity B, 140 hours in Activity C, and 100 hours in Activity D. Which of the following statements is correct?

• A) Activities A, B, C, and D are all significant participation activities.
• B) Activities A, B, and C are significant participation activities.
• C) Ahmad is a material participant with respect to Activities A, B, and C.
• D) Ahmad is a material participant with respect to Activities A, B, C, and D.
• E) None of the above.

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Definitions:

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The amount or volume of a substance released into the environment, often related to pollution control.

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Tradable Emissions Permit

A regulatory tool that allows businesses to buy, sell, or trade allowances that permit them a certain amount of pollutant emissions, encouraging reduction in pollution in a cost-effective manner.