If a Corporation's Charitable Contributions Exceed the Deduction Limitation in a Particular

question 67

Multiple Choice

If a corporation's charitable contributions exceed the deduction limitation in a particular year, the excess

• A)is not deductible in any future year.
• B)becomes a carryover to a maximum of five succeeding years.
• C)may be carried back to the third preceding year.
• D)is carried over indefinitely.

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Definitions:

Negative Instance

A term or example that does not fit a specific rule or pattern under investigation, often used in the study of logic and cognition.

Dog Concept

An understanding or cognitive representation of dogs, encompassing their attributes, behaviors, and roles in human society.

Displacement

The quality of language that permits one to communicate information about objects and events in another time and place.

Language Acquisition Device

A hypothetical module in the human brain posited by Noam Chomsky, suggesting that the ability to learn language is innate to humans.