LO.2 In late December 2012, Gray Corporation (a calendar year C corporation) pledges a $50,000 donation to
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LO.2 In late December 2012, Gray Corporation (a calendar year C corporation)
pledges a $50,000 donation to a local relief agency formed to fight AIDS in Africa.
Although Gray’s board of directors authorized the donation in 2012, the payment is not made until March 2013. What issues are involved?
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South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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