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:

Psychological State

The condition of an individual's mental and emotional well-being at a specific time, influenced by various factors including mood, environment, and health.

Cynicism

An attitude characterized by skepticism towards the motives or virtues of others, often expressing a general distrust of others' apparent sincerity or intentions.

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, especially from the workplace.

Sexually Oriented Behavior

Actions or expressions that relate to or are influenced by sexual desires and inclinations.