Identify which of the following statements is true.
A) "Ordinary income property" with regard to the charitable contribution deduction does not include property whose sale would have produced a short-term capital gain.
B) The Twilight Corporation purchases inventory for $5,000. Its FMV on the date it is donated to the Blue-Gray Hospital for the care of the needy is $13,000. The maximum charitable contribution deduction available for the donation is $9,000.
C) Corporations' charitable deductions are limited to 20% of their adjusted taxable income.
D) All of the above are false.
B) The Twilight Corporation purchases inventory for $5,000. Its FMV on the date it is donated to the Blue-Gray Hospital for the care of the needy is $13,000. The maximum charitable contribution deduction available for the donation is $9,000.
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On October 1, 2018, Parker Company made a loan to one of its customers. The customer signed a 9-month note for $150,000 at 13%. Calculate the maturity value of the note. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $164,625 B) $169,500 C) $130,500 D) $135,375
In preparing a bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement
Indicate whether the statement is true or false
Which of these strategies softens the blow of negative messages?
A. place negative information at points of low emphasis B. avoid no or not when possible C. avoid words with negative connotations D. all of these
Which of the following is the least effective practice when rewarding employees' good performance within an organization?
A. Sharing the financial risks of doing business with employees B. Having employees think of themselves as business partners C. Sharing rewards of doing business with employees D. Rewarding employees through the base wage or salary structure