Golf Corp. (GC), a calendsr-year accrual-method corporation held its directors' meeting on December 15 of year 1. During the meeting the board of directors authorized GC to pay a $75,000 charitable contribution to the world golf fundation, a qualifying charity

Question

1. Assume GC actually pays $50,000of this contribution on January 15 of year 2 and remaining $25,000 on or before April 15 of year 2, What book-tax difference will GC report in year 2, assuming the 10% limitation does not apply? is it favorable or unfavorable?