Which of the Following Statements Regarding Low-Cost Articles Is Correct

question 30

Multiple Choice

Which of the following statements regarding low-cost articles is correct?

• A) The distribution of low-cost articles can be classified as not being an unrelated trade or business.
• B) For 2018, a low-cost article is one that costs $10.80 or less.
• C) Any contributions received as the result of the distribution of low-cost articles must be included in unrelated business income.
• D) Only a. and b. are correct.
• E) a., b., and c. are correct.