Clayton contributes land to the American Red Cross for use as a future site for a new building. His AGI is $50,000. Clayton paid $20,000 for the land eight months ago but its market value at the date of contribution is $25,000. With no special elections, Clayton's deductible contribution this year is
A) $7,000.
B) $18,000.
C) $20,000.
D) $25,000.
C) $20,000.
Since the property was held by Clayton for less than one year, the contribution amount is the adjusted basis of $20,000. The $20,000 does not exceed the 50% of AGI ceiling.
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Which of the following is not a reason to stay in contact with a prospective employer after an interview?
A) If one position doesn't work out, the employer may know someone else who is hiring. B) To convey to the employer that you really want the job C) Follow-up communication is an opportunity to demonstrate strong communication skills. D) To remind the employer that you are actively looking for a position and waiting for the decision E) To display a sense of business etiquette
A nonprofit board is establishing ground rules regarding what type of fund-raising efforts would not be allowed. The board is setting a policy that Carver would refer to as a/an ______.
A. legal means B. illegal activity C. means to the end D. ends to be achieved
Current generally accepted accounting principles require that the translation of a foreign subsidiary's accounting records should be accomplished by the
a. monetary/nonmonetary method. b. current rate method. c. current/noncurrent method. d. functional currency method.
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. The company's leading salesperson is Peter Austin, who sees his company "as a service company rather than a food and drink business. Our priority is to get the hampers out on time, filled with the right products." Austin often checks to see if his customers are satisfied with his service.Austin phones a recipient of one of Clearwater's deluxe hampers to inquire if the picnic basket arrived on
time and undamaged, which suggests that Austin engages in: A. transaction selling. B. partnering/consultative selling C. relationship selling. D. direct selling. E. transformational selling.