Which, If Any, of the Following Provisions Cannot Be Justified

question 93

Multiple Choice

Which, if any, of the following provisions cannot be justified as mitigating the effect of the annual accounting period concept?

• A)Nonrecognition of gain allowed for involuntary conversions.
• B)Net operating loss carryover provisions.
• C)Carryover of excess charitable contributions.
• D)Use of the installment method to recognize gain.
• E)Carryover of excess capital losses.

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Definitions:

Reward Power

The ability to influence others through the promise of rewards or benefits, often used in a leadership or management context.

Procedural Power

The influence or authority derived from an individual's ability to control the process, methods, or order in which decisions are made or tasks are executed.

Formal Leadership

Leadership that is based on an official position or authority within an organization or structure.

Organizational Objectives

Specific, measurable goals that a business aims to achieve in order to fulfill its organizational strategy and mission.