For Non-Cash Charitable Donations,an Appraisal Will Be Required for Donations

question 38

Multiple Choice

For non-cash charitable donations,an appraisal will be required for donations valued at more than

• A)$250.
• B)$500.
• C)$5,000.
• D)$50,000.

---

Definitions:

Provincial Agency

A government entity or organization established at the provincial level to perform a specific function or provide a specific service.

Closely Held Corporation

A type of corporation that is privately owned, with a small number of shareholders, typically involving family or close acquaintances.

Shareholder

An individual or entity that owns one or more shares of stock in a corporation, making them a partial owner of the company.

Negligent Acts

Conduct that falls below the standards of behavior established by law for the protection of others against unreasonable risk of harm.