Question: This statement is True or Flase ? ABC corporation's board of directors approved a charitable cash contribution to Red Cross, a qualified non-profit organization, in
This statement is True or Flase ?
ABC corporation's board of directors approved a charitable cash contribution to Red Cross, a qualified non-profit organization, in November of 2015. ABC corporation's made payment to Red Cross on February 2, 2016. ABC corporation's (a calendar-year corporation) may claim a deduction for the contribution on its 2015 tax return
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