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:

Unsatisfactory

A term used to describe a level of quality, performance, or outcome that does not meet established standards or expectations.

Truckload

The quantity of cargo that fills or nearly fills the cargo space of a truck, used as a shipping and logistics term.

Random Sample

A sample that is selected from a larger population in such a way that every individual has an equal chance of being included.

Timely Payments

Refers to the act of paying dues or bills on or before the due date.