Business, 28.02.2020 21:39 ryleerenae52
On December 27, 2019, the directors of Partridge Corporation, an accrual basis calendar year taxpayer, authorized a cash contribution of $10,000 to the American Cancer Association. The payment is made on April 13, 2020.
Can Partridge deduct the charitable contribution in 2019?
(1) Yes because Partridge Corporation is an accrual basis corporation, the charitable contribution must be paid (2) .
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On December 27, 2019, the directors of Partridge Corporation, an accrual basis calendar year taxpaye...
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