Which of the Following Is Not Required to Allow an Accrual-Method

question 91

Multiple Choice

Which of the following is not required to allow an accrual-method corporation to deduct charitable contributions before actually paying the contribution to charity?

• A) Approval of the payment from the board of directors.
• B) Approval from the IRS prior to making the contribution.
• C) Payment made within three and one-half months of the tax year-end.
• D) All of the choices are necessary.

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Psychographic Studies

Research methods that examine consumers' lifestyles, interests, attitudes, and values to segment them for marketing purposes.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors and interactions.

Lifestyle

The interests, opinions, behaviours, and behavioural orientations of an individual, group, or culture.