Multiple Choice
Rene owns four small businesses.Rene spends the following number of hours this year working in those businesses: Business A,105 hours;Business B,130 hours;Business C,120 hours;Business D,99 hours.Which of the following statements is correct?
A) Businesses A,B,and C are material participation activities.
B) Businesses A,B,C,and D are all significant participation activities.
C) Businesses A,B,and C are significant participation activities.
D) Both businesses A,B,and C are material participation activities and businesses A,B,and C are significant participation activities are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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