GenerUs Inc

question 39

True/False

GenerUs Inc.'s board of directors approved a charitable cash contribution to FoodBank,a qualified non-profit organization,in November of 2017.GenerUs made payment to FoodBank on February 2,2018.GenerUs Inc.(a calendar-year corporation)may claim a deduction for the contribution on its 2017 tax return.

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Definitions:

Anthrax Bacteria

A bacterium known as Bacillus anthracis that causes the acute disease anthrax, affecting both humans and animals.

Inductive Reasoning

A method of reasoning in which specific observations lead to a general conclusion or theory.

Deductive Reasoning

The use of general principles to predict specific outcomes. Often uses “if… then” statements.

Technology

The application of scientific knowledge for practical purposes, especially in industry.