ACC 460 Wk 5 Discussion – Unrelated Business Income Tax

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ACC 460 Wk 5 Discussion - Unrelated Business Income Tax
ACC 460 Wk 5 Discussion – Unrelated Business Income Tax
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ACC 460 Wk 5 Discussion – Unrelated Business Income Tax

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3

Imagine that you work in the accounting department of a university and your boss has asked you to explain components of revenue, expenses, and changes in net asset that are reported on the university’s statement of revenues.

Respond to the following in a minimum of 175 words:

Discuss at least two unique situations or transactions that you may encounter. Describe any circumstances the entity may engage in activities that result in Unrelated Business Income Tax (UBIT).

Due Day 7

Post 2 replies to classmates or your faculty member. Be constructive and professional.