Maria made significant charitable contributions of capital gain property in the current year. In fact, the amount of the contributions exceeds 30% of her AGI. The excess charitable contribution that is not deductible this year can be carried over for five years.
Answer the following statement true (T) or false (F)
True
Rationale: A five-year carryover period applies. In the carryover process, the carryover will continue to be classified as 30 percent property.
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Which of the following is a noncurrent asset?
a. Inventories b. Office supplies c. Land d. Accounts receivable
An increase in EPS is an indicator of:
A. lower return on equity. B. higher profitability. C. lower financial leverage. D. lower profitability.
Which of the following is NOT true of CAPP?
a. It refers to computer-aided process planning (CAPP). b. It uses computer technology to assist in planning manufacturing processes. c. It provides a link between product design and manufacturing. d. It enables the manufacturer to identify the right target market.
Specialty stores such as Best Buy, Babies R Us, and Bed, Bath, and Beyond are often called category killers because:
A. they can destroy the profit potential for a category of merchandise for other retailers B. they are located at stand-alone sites C. of their broad merchandise mix and shallow assortment D. they offer an exclusive category of merchandise E. they carry only fast-selling items