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Nancy's quilting activity showed a profit in two out of five consecutive years. Which one of the following statements is TRUE? More information is needed

Nancy's quilting activity showed a profit in two out of five consecutive years. Which one of the following statements is TRUE?

More information is needed to determine if the activity is a business or a hobby.

The activity is definitely a hobby.

More time is needed to determine if the activity is a hobby or a business.

The activity is definitely a business.

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