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 these is correct.
Answer: B
You might also like to view...
Which type of pricing involves setting one price for a set of products?
A. odd-even pricing B. price lining C. price leading D. bait pricing E. product bundle pricing
During the ________, the salesperson plans the sales call on a prospect.
A. preapproach B. trial close C. value analysis D. sales presentation E. approach
Appreciation letters that are not sent in a timely manner may arouse questions about the sender's motive
Indicate whether the statement is true or false
A donor pledged $500,000 to a not-for-profit hospital in 2016 to conduct medical research, conditional on the hospital raising $500,000 from other donors. The other donors met the condition in 2016 The donor transferred the funds to the hospital in 2017. In which year would the revenue be recognized?
A. 2017. B. Half in 2016 and half in 2017. C. 2016. D. None of the above; the hospital would only recognize revenue when the amounts had been expended according to the donor's wishes.