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Which of the following activities would be considered for profit and not a hobby?A) ?ABC...

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Accounting

Which of the following activities would be considered for profit and not a hobby?
A) ?ABC Company, a widget manufacturer, made a profit in tax years 2021. 2022, ?and 2024 ?and had a loss in tax years 2020 ?and 2023.
B) ?XYZ Company, a horse breeder, made a profit in 2024, ?but had a loss in tax years 2018 . 2019. 2020, 2021. 2022, 2023.
C) ?LMN Company, a lawn service. made a profit in 2021 ?and 2024. ?but had a loss in 2020, 2022. ?and 2023.
D) ?QRS Company, a restaurant, has had a loss every year in business since 2015.
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