Identify Which of the Following Statements Is True

question 59

Multiple Choice

Identify which of the following statements is true.

• A)When a corporation donates appreciated capital gain property to a charity, the amount of the contribution deduction generally equals the property's FMV.
• B)When a corporation donates appreciated capital gain property to a private nonoperating foundation, the corporation's contribution is limited to the property's FMV minus the ordinary gain that would have resulted from the property's sale.
• C)When a corporation contributes appreciated property to a charity, the charitable contribution deduction is the property's FMV or adjusted basis, depending on the election made by the taxpayer.
• D)All of the above are false.

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Definitions:

Conditional Operator

A ternary operator that provides a shorthand way to write if-else statements, evaluating a condition and returning one of two values.

Conditional Expression

A conditional expression, often using the ternary operator ?:, evaluates to one of two values depending on the truth value of a specified condition.

Ternary Operator

The ternary operator in programming is a conditional operator that simplifies the if-else statement into a single line of code, typically used in the format condition ? expression1 : expression2.

Unconditional Transfer

In computer science, refers to instructions or statements that cause the program to continue execution from a different address or line without any condition.