Question
(2 points) Acorn Corporations Board (a calendar-year TP) passed a resolution on December 11, 2020, to make a contribution to the Boys and Girls Clubs
(2 points) Acorn Corporations Board (a calendar-year TP) passed a resolution on December 11, 2020, to make a contribution to the Boys and Girls Clubs Inc. in the amount of $10,000. The contribution was made on January 24, 2021.
a. In what year is the contribution deductible?
b. In what year is it deductible if the contribution was made on March 30, 2021?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
