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horsena [70]
2 years ago
6

Lew owns five activities, and he elects not to group them together as a single activity under the "appropriate economic unit" st

andard. During the year, he participates for 120 hours in Activity A, 150 hours in Activity B, 140 hours in Activity C, 110 hours in Activity D, and 100 hours in Activity E. Which of the following statements is correct?a. Activities A, B, C, D, and E are all significant participation activities.b. Lew is a material participant in Activities A, B, C, and D only.c. Lew is a material participant in Activities A, B, C, D, and E.d. None of the above.
Business
1 answer:
lys-0071 [83]2 years ago
6 0

Answer:

b. Lew is a material participant in Activities A, B, C and D only.

Explanation:

The correct answer is b. All the activities has material participation except for activity E. The activity is considered significant of the participation by an individual is more than 100 hours. here Lew has 5 activities A, B, C, D and E. All the activities comprise Lew's participation for more than 100 hours but only activity E has participation less than 100 hours. The total of activities A, B, C and D is 530 (120 + 150 + 140 + 110).

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Answer:

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Explanation:

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Explanation:

8 0
3 years ago
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Answer:

It is more profitable to continue processing.

Explanation:

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7 0
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