Question
Janel owns five small businesses, each of which has its own manager and employees. Janel spends the following number of hours this year working in
Janel owns five small businesses, each of which has its own manager and employees. Janel spends the following number of hours this year working in the various businesses: Business A, 130 hours; Business B, 160 hours; Business C, 110 hours; Business D, 120 hours; Business E, 100 hours. Which of the following statements is correct?
a..Businesses A, B, C, D, and E are all significant participation activities.
b..Businesses A, B, C, and D are all significant participation activities.
c..Janel is considered a material participant in Businesses A, B, C, and D.
d..Businesses A, B, C, and D are all significant participation activities and Janel is considered a material participant in Businesses A, B, C, and D.
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