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Boela Corporation, a calendar year corporation, had the following Income and Expenses during the year of 2019: Income From Operations- $600,000; Expenses From Operations- $400,000;
Boela Corporation, a calendar year corporation, had the following Income and Expenses during the year of 2019: Income From Operations- $600,000; Expenses From Operations- $400,000; Dividends Received- $60,000; Charitable Contributions- $36,000. Beola Corporations Charitable Contribution deduction for the year of 2019 is:
- $26,000
- $36,000
- $20,000
- $19,200
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