On December 24, 2015, the directors of Partridge Corporation, an accrual basis calendar year taxpayer, authorized a

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On December 24, 2015, the directors of Partridge Corporation, an accrual basis calendar year taxpayer, authorized a cash contribution of $10,000 to the American Cancer Association. The payment is made on April 14, 2016. Can Partridge deduct the charitable contribution in 2015? Explain.
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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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