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An S corporation is not entitled to any charitable deduction when determining its taxable income. During the current year, BB gave $32,000 in cash to
An S corporation is not entitled to any charitable deduction when determining its taxable income. During the current year, BB gave $32,000 in cash to the Red Cross to assist with hurricane disaster clean-up in the Springfield area. What will be the book-tax difference? Create a journal entry showing DTA or DTL
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