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Kiss Co. donated inventory with an adjusted basis of $50,000 and a $78,000 fair market value to a qualified public charity, which will use the

Kiss Co. donated inventory with an adjusted basis of $50,000 and a $78,000 fair market value to a qualified public charity, which will use the inventory for the care of the ill and needy. It also donates stock, that it bought a couple of years ago as an investment, with an adjusted basis of $26,000 and a $40,000 fair market value to another qualified public charity. What is Kiss Co.'s charitable deduction, (assuming Kiss Co. is not limited by its taxable income)? $0 $76,000 $118,000 O $104,000 O $90,00

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