Prizesandawards
Barron's Accounting Dictionary:
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Prizesandawards
Items received for winning a contest or in recognition of an activity. Cash prizes or awards generally must be included in taxable income. The prize or award can be excluded from taxable income only when the taxpayer assigns it to a charitable organization.
| Privileged Communication, Privately Held Company, Private Placement | |
| Pro Forma, Pro Forma Statement of Cash Flows, Pro Rata |
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Prizesandawards
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Barron's Accounting Dictionary
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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