Which, If Any, of the Following Provisions Cannot Be Justified

question 139

Multiple Choice

Which, if any, of the following provisions cannot be justified as mitigating the effect of the annual accounting period concept?

• A)Nonrecognition of gain allowed for involuntary conversions.
• B)Net operating loss carryback and carryover provisions.
• C)Carry over of excess charitable contributions.
• D)Use of the installment method to recognize gain.
• E)Carry over of excess capital losses.

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Definitions:

Declining Percentage

A decrease in the proportion or ratio of a quantity relative to a whole or to other relevant quantities over a specified period.

Self-Actualization Theory

A concept in humanistic psychology that represents the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences.

Rigorous

Marked by a high level of strictness or severity, often in the context of academic standards, research methodology, or physical training.

Experimentally Generated

Derived or produced through controlled scientific experiments.