What is richards corporation"s charitable contribution, Accounting Basics

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What is richards corporation"s charitable contribution

Richards Corporation has taxable income of $280,000 calculated before the charitable contribution deduction and before its dividends-received deduction of $34,000. Richards makes cash contributions of $35,000 to charitable organizations. What is Richards Corporation"s charitable contribution deduction for the current year?

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Accounting Basics: What is richards corporation"s charitable contribution

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Ask an Expert for Answer!!

Accounting Basics: What is richards corporation"s charitable contribution

Reference No:- TGS0100448

Recent Questions Asked Accounting Basics

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