Acquisition indebtedness consists of the unpaid amounts of which of the following for debt-financed property?
A) Debt incurred in acquiring or improving the property.
B) Debt incurred to enable the organization to carry out its exempt purpose.
C) Debt incurred to enable the exempt organization to acquire a feeder organization.
D) Only a.and b.
E) a., b., and c.
Correct Answer:
Verified
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