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Question 38 of 75. The board of directors for Oak Corporation authorized a charitable contribution to a qualifying nonprofit organization. However, the contribution was not

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Question 38 of 75. The board of directors for Oak Corporation authorized a charitable contribution to a qualifying nonprofit organization. However, the contribution was not actually made before the end of the tax year. Under what circumstances could the company still take a current-year deduction for this contribution? O If the company uses the hybrid method of accounting and the contribution was paid before the due date of the return. If the company uses the cash method of accounting and the contribution was paid before the due date of the return. If the company uses the accrual method of accounting and the contribution was paid before the due date of the return. The company must wait until the next tax year to claim the deduction Mark for follow up Question 39 of 75. Fleming, Inc., is a C corporation that files its return using a fiscal year. For the return for the fiscal year ending on 30, 2019, what corporate tax rate(s) applies to Fleming's income?! The progressive tax rates, including a potential 3% or 5% surtax. O 21%. No surtaxes will apply. O 21%; however, a surtax of 5% or 3% may apply if Fleming's taxable income places it in the appropriate range, O A blended tax rate that applies the progressive rates to all income attributable. Mark for follow up

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