Charitable contributions made by a fiduciary
A. flows through to be deducted on the beneficiary's tax return.
B. must be authorized in the trust instrument in order to be deductible.
C. are limited to 50% of fiduciary income.
D. are subject to the 2% floor.
Answer: B
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The master budget normally covers:
A. 1-5 years. B. 1 year. C. 5-10 years. D. 3 months.
When the reinforcement is based on the passage of time, it is ______.
a. chronological b. ratio c. interval d. intermittent
When you must refuse typical requests, you will first think about how the receiver will react to your refusal and decide A) whom or what to blame
B) where and how to apologize. C) how to invite further correspondence. D) whether to use the direct or the indirect strategy.
During the year, Next Tec Corp. had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-term borrowing, $6,000; payment to suppliers, $5,000; payment of dividends, $1,000; payment to workers, $2,000; and payment for machinery, $8,000. What amount would be reported for net financing cash flows in the statement of cash flows?
A. ($8,000). B. $2,000. C. $5,000. D. $6,000.