Which of the Following Is a Requirement That Will Enable

question 46

Multiple Choice

Which of the following is a requirement that will enable mortgaged land acquired by an exempt organization for later exempt use to be excluded from debt-financed property, for purposes of the unrelated business income tax?

• A) The principal purpose of acquiring the land is for investment.
• B) The land is used within ten years of the acquisition date in the organization's exempt purpose.
• C) The land is located in the United States.
• D) Only a. and b.

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Definitions:

High-Performance Results

Outcomes that significantly exceed the standard or expected levels of achievement.

Performance Potential

The capacity or ability of an individual or organization to attain and exceed predetermined goals or targets.

Team Training

A process of teaching a group of individuals to work together effectively, enhancing their collective skills in communication, decision-making, and problem-solving.

Organisational Capabilities

The collective skills, competencies, and resources that enable an organization to execute strategies and achieve its goals.