(Answered) Problemthis year fliedermaus corporation a c corporation a

Accounting

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This year, Fliedermaus Corporation (a C corporation), a retailer of costume apparel, made the following donations to qualified charitable organizations.

	Adjusted Basis	Fair Market Value
Bat costumes held as inventory, to Home for Indigent Superheroes	$10,000	$15,000
Stock in LexCorp acquired two years ago and held as an investment, to Gotham University	5,000	3,000
Land acquired four years ago and held as an investment, to Tompkins Medical Clinic	50,000	75,000

How much qualifies for the charitable contribution deduction? Disregarding the 10% limitation.

a. $63,000
b. $65,000
c. $90,500
d. $92,500
e. None of the above.

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