Swan,Inc. ,a tax-exempt organization,leases a building and equipment to ABC Corporation.The rental income from the building is $160,000 and from the equipment is $12,000.Rental expenses are $100,000 for the building and $11,000 for the equipment.What adjustment must be made to net unrelated business income?
A) $0.
B) ($11,000) .
C) ($12,000) .
D) ($61,000) .
E) Some other amount.
Correct Answer:
Verified
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