Blue,Inc. ,Receives Its Support from the Following Sources

question 9

Multiple Choice

Blue,Inc. ,receives its support from the following sources.

Which of the following statements is correct?

• A)Blue,Inc. ,is a private foundation because it satisfies the external support test and fails the internal support test.
• B)Blue,Inc. ,is not a private foundation because it fails both the internal and external support tests.
• C)Blue,Inc. ,is a private foundation because it satisfies both the external support test and the internal support test.
• D)Blue,Inc. ,is not a private foundation because it satisfies both the external support test and the internal support test.
• E)None of the statements is true.

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