Juaquin owns five activities. He elects not to group them together as a single a

Question

Juaquin owns five activities. He elects not to group them together as a single activity under the appropriate economic unit standard. He participates for 140 hours in Activity A, 165 hours in Activity B, 196 hours in Activity C, 100 hours in Activity D, and 85 hours in Activity E. Which of the following statements is CORRECT? (Points : 5) Activities A, B, C, D, and E are all significant participation activities. Activities A, B, C, and D are all significant participation activities. Juaquin is a material participant with respect to Activities A, B, and C only. Juaquin is a material participant with respect to Activities A, B, C, D, and E. None of the above

Explanation / Answer

= 140 + 165 + 196 + 100 = 601 hours which is greater than 500 hours. Option B is correct (Activities A, B, C, and D are all significant participation activities)

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