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To Mitigate the Effect of the Annual Accounting Period Concept

question 95

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To mitigate the effect of the annual accounting period concept, the tax law permits the carryforward to other years of the excess charitable contributions of a particular year.


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Specific achievements or objectives that an individual, group, or organization aims to reach through targeted efforts.

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Short-term objectives or milestones that are set as steps toward achieving a larger, long-term goal.

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