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:

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables, and operators, but no equal sign.

Janitorial Department

The division within an organization responsible for maintaining the cleanliness and hygiene of the premises.

Sequential Method

A process or technique that follows a specific order or sequence, often used in operations or calculations.

Janitorial Department

A department within an organization responsible for maintaining cleanliness, hygiene, and sanitation within the premises.