Match the Following Statements

question 23

Short Answer

Match the following statements.
a. Distribution of such items is not considered an unrelated trade or business if they are "low-cost items".
b. Is considered an unrelated trade or business if the amount received is contingent upon the level of attendance at one or more events
c. Is considered an unrelated trade or business if legally it can be conducted by commercial (for-profit) entities.
d. A trade or business that consists of either renting or exchanging these with another exempt organization is not an unrelated trade or business.
-Branded calendars

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Definitions:

Additional Paid-In Capital

Capital received from investors for shares, exceeding the par value of the shares, often reflecting the premium paid over nominal value.

Market Value

The ongoing pricing level at which a service or asset is offered for buying or selling in the market environment.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.

Inventories

Assets held for sale in the ordinary course of business, or in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.