With regard to hedging translation exposure, translation losses ____, and gains on forward contracts used to hedge translation exposure ____.
a. are not tax deductible; are taxed
b. are tax deductible; are taxed
c. are not tax deductible; are not taxed
d. are tax deductible; are not taxed
a. are not tax deductible; are taxed
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Taylor, an unmarried taxpayer, had $90,000 in adjusted gross income for Year 12. During Year 12, Taylor donated land to a church and made no other contributions. Taylor purchased the land in Year 1 as an investment for $14,000. The land's fair market value was $25,000 on the day of the donation. What is the maximum amount of charitable contribution that Taylor may deduct as an itemized deduction for the land donation for Year 12?
a. $25,000 b. $14,000 c. $11,000 d. $0
Which of the following marketing communication tools includes the functions of building up a positive corporate image and handling unfavorable stories and events?
A) sales promotion B) sponsorship C) direct marketing D) public relations E) advertising