If the donation is greater than $250, what kind of written acknowledgment must the taxpayer obtain from the recipient organization?

What will be an ideal response?


The taxpayer must have written acknowledgment from the recipient organization stating (1) the date and amount of the contribution, (2) whether the taxpayer received any goods or services from the charity as a result of the contribution, and (3) a description and good faith estimate of the value of any goods and/or services that the taxpayer received.

Business

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Members of which of the following age cohorts are part of today's senior market?

A) Generation Z B) Generation Y C) Generation X D) The War Baby Generation

Business

Answer the following statements true (T) or false (F)

1. The strategic-management process is often touched off by a crisis. 2. The first three steps in the strategic-management process are establishing the mission and the values statement, assessing the current reality, and formulating the grand strategy. 3. Frank is interested in rewriting the vision statement for his antique shops, and he wants his employees and his business to grow. Therefore, the vision for Frank's stores should be positive and inspiring, and it should stretch the company and his employees to achieve objectives that they believe are not possible. 4. When Pablo and his partner wrote the mission statement for their fitness center, P&P Fitness, it did not include descriptions of their customers or the products and services they offer, because those descriptions belong in a vision statement.

Business

In the statement of cash flows, a decrease in accounts payable would be shown as an increase in the Operating Activities category

a. True b. False Indicate whether the statement is true or false

Business

Cultural groups that shy away from frequent touch are called ______ cultures.

a. noncontact b. contact c. polychronemic d. monochronic

Business