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:

Somatic

Relating to the body, specifically as distinguished from the mind or psyche.

Central

Pertaining to or situated at the center, or essential and core aspect of something, especially in the context of information or systems.

Genotype

The genetic makeup of an individual organism, including the set of genes inherited from their parents.

Phenotype

The observable physical or biochemical characteristics of an organism as determined by both genetic makeup and environmental influences.