Charitable contributions subject to the 50% limit that are not fully deductible in the year made may be
a. Neither carried back nor carried forward.
b. Carried back 3 years or carried forward 15 years.
c. Carried forward 5 years.
d. Carried forward indefinitely until fully deducted.
Ans: c. Carried forward 5 years.
Business
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When one company licenses another to produce its offerings, or two companies jointly market their complementary offerings, it is called a ________
A) pricing collaboration B) product or service alliance C) promotional alliance D) logistics collaboration E) total quality management
Business
Since municipal bond interest is exempt from federal income tax, it is especially beneficial to high-income investors
Indicate whether the statement is true or false.
Business