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King Corporation donates inventory having a $26,000 adjusted basis and a $40,000 FMV to a qualified public charity. The inventory will be used by
King Corporation donates inventory having a $26,000 adjusted basis and a $40,000 FMV to a qualified public charity. The inventory will be used by the charity to care for the ill. The maximum charitable contribution deduction before consideration of the 10% limitation is? $40,000 $26,000 $0 $33,000
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
324663854, 978-0324663853
