Orange has a 20000 charitable contribution carryover to, Ask an Expert

Accounting

The board of directors of Orange Corporation, a calendar year taxpayer, is holding its year-end meeting on December 28, 2010. One topic on the board's agenda is the approval of a $25,000 gift to a qualified charitable organization. Orange has a $20,000 charitable contribution carryover to 2010 from a prior year. Identify the tax issues the board should consider regarding the proposed contribution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M968409

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