Grocer Services Corporation (a calendar year taxpayer), a wholesale distributor of food, made the following donations to

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Grocer Services Corporation (a calendar year taxpayer), a wholesale distributor of food, made the following donations to qualified charitable organizations during the year:

Adjusted Basis Fair Market Value

How much qualifies for the charitable contribution deduction? (Points : 5)Â
a. $15,000.00
b. $16,850.00
c. $17,250.00
d.$19,450.00

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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Question Posted: Jan 09, 2013 04:06 AM

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Grocer Services Corporation (a calendar year taxpayer), a wholesale distributor of food, made the following donations to

Question:

Food (held as inventory) donated to the Ohio Children's Shelter Passenger van to Ohio Children's Shelter, to be used to transport children to school Stock in Acme Corporation acquired 7 months ago and held as an investment, donated to Southwest University S3,500 S8,000 7,500 7,100 4,000 6,200

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

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