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Complete schedule M-1 for this case: Corporate financial statement: net income of $147,000 including tax expense of $71,000, charitable contributions of $28,000, depreciation expense of
Complete schedule M-1 for this case:
- Corporate financial statement: net income of $147,000 including tax expense of $71,000, charitable contributions of $28,000, depreciation expense of $108,000, and meals expenses of $33,000. Depreciation expense for tax purposes is $151,000.
What are the charitable contributions? The answer is NOT $28,000. It also is NOT $6,200. Please help! Thanks!
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College Accounting Chapters 1-30
Authors: David Haddock, John Price, Michael Farina
16th Edition
1260247902, 978-1260247909
