Question: Question Content Area On December 1 6 , 2 0 2 4 , the directors of Quail Corporation ( an accrual basis, calendar year C

Question Content Area
On December 16,2024, the directors of Quail Corporation (an accrual basis, calendar year C corporation) authorized a cash donation of $5,000 to the American Cancer Society, a qualified charity. The payment, which is made on April 6,2025, may be claimed as a deduction for tax year 2024.
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