Question
Frank donates two blocks of stock to charity. (1) 100 shares of ABC Corp: Cost $1,000; value $1,500; held 9 months. (2) 50 shares of
Frank donates two blocks of stock to charity. (1) 100 shares of ABC Corp: Cost $1,000; value $1,500; held 9 months. (2) 50 shares of MNO Corp: Cost $2,000; value $1,600; held 18 months. How much of a charitable deduction in total can Frank claim on these donations?
| $2,600 | ||
| $3,000. | ||
| $3,100. | ||
| $3,600. |
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Cost Accounting
Authors: M.Y. Khan, P.K. Jain
2nd Edition
9339203445, 9789339203443
