Bart Owns 100% of the Stock of Octo Corporation,which Uses

question 139

Multiple Choice

Bart owns 100% of the stock of Octo Corporation,which uses the accrual method.Bart's sister Samantha,a cash method taxpayer,did some advertising work for Octo in November 2016.In December,Octo received a billing statement from Samantha for $5,000 and paid Samantha the $5,000 in January 2017.Samantha is a calendar year taxpayer.When may Octo deduct the $5,000?

• A)2016
• B)2017
• C)Either 2016 or 2017
• D)The expense is not deductible since Samantha is Bart's sister.

---

Definitions:

Transformational Leadership

A leadership approach that creates significant change in the life of people and organizations by inspiring followers to transcend their own self-interests for the good of the group or organization.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others to improve interpersonal communication and relationships.

Competency Perspective

This approach focuses on identifying and developing the essential skills, knowledge, abilities, and behaviors required for effective job performance in a particular role.

Leadership Performance

The effectiveness with which a leader directs and influences the behavior of others towards achieving specific objectives.