To Qualify as a Charitable Deduction, the Donation Must Be

question 55

True/False

To qualify as a charitable deduction, the donation must be made by cash or by check.

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Definitions:

Discounted Payback

is a capital budgeting method that calculates the period of time required for the discounted cash flows from a project to recoup its initial cost.

Wholesale Book Outlet

A distributor that sells books in large quantities at discounted prices, primarily to retailers, libraries, and educational institutions.

Sit-down Restaurant

A dining establishment where customers are seated and served by waitstaff, offering a more formal dining experience compared to fast-food or counter-service restaurants.

Net Present Value

A financial metric that calculates the present value of the expected equity of cash flows, considering the time value of money.