Which of the Following Statements Regarding Charitable Contributions Is False

question 31

Multiple Choice

Which of the following statements regarding charitable contributions is false?

• A)Only contributions made to qualified charitable organizations are deductible.
• B)Charitable contribution deductions are subject to a limitation based on the corporation's taxable income (before certain deductions).
• C)Corporations can qualify to deduct a contribution before actually paying the contribution to the charity.
• D)The amount deductible for noncash contributions is always the adjusted basis of the property donated.

---

Definitions:

Temperate Regions

Areas of the Earth characterized by moderate temperatures, neither extremely hot nor cold.

Abiotic Factors

Elements of the nonliving, physical environment that affect a particular organism. Compare with biotic factors.

Temperature

A measure of the average kinetic energy of the particles in a system, indicating how hot or cold the system is.

Latitude

Latitude refers to a geographic coordinate that specifies the north-south position of a point on the Earth's surface.