A corporation which makes a charitable contribution of property for the care of the needy gets a deduction equal to the adjusted basis of the property.
Answer the following statement true (T) or false (F)
False
For the purposes of the deduction, the adjusted basis can be increased by one-half of the foregone "gain," but the deduction cannot exceed twice the adjusted basis amount.
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Which of the following is true of businesses with negative customer value?
A) They produce higher levels of pre-tax return on investment. B) They tend to gain market share. C) Their performance benefits exceed the cost of purchase. D) Their value propositions are average. E) They have great difficulty in retaining customers.
The dimension of project success that is realized last (chronologically) is:
A) Future potential. B) Business success. C) Impact on the customer. D) Efficiency.
Which of the following observations concerning introductory price dealing is true?
A. The plan is to sustain the price cut for an extended period of time. B. They are the same as low penetration prices. C. They are temporary price cuts to speed new products into a market. D. Established competitors usually choose to meet introductory price dealing. E. They have the same effect as price skimming.
Tate enters into a contract with Smith under the terms of which Smith is to pay Tate $7,000 and Tate is to build a garage, repair a boat, and build a doghouse. If the doghouse has not yet been built, which term describes the type of contract in existence?
A) Quasi contract B) Executed contract C) Illusory contract D) Executory contract