Which of the Following Is Unnecessary to Allow an Accrual-Method

question 82

Multiple Choice

Which of the following is unnecessary 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 two and one-half months of the tax year end.
• D) All of these are necessary.

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Definitions:

Expected Rate

Typically refers to a forecasted or anticipated rate of return on an investment or growth rate over a specific period.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Zero Standard Deviation

A statistical measure indicating that all values in a dataset are identical.

Utility Function

An analytic depiction of the way individuals order assortments of items based on their contentment or value received.