Which of the Following Statements Regarding Charitable Contributions Is False

question 106

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 non-cash contributions is always the adjusted basis of the property donateD.Depending on the nature of the property, the amount deductible for a contribution can be the fair market value of the contributed property.

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Definitions:

Distribution Systems

Distribution systems are networks that companies use to move products from production facilities to end consumers, including warehouses and shipping processes.