Accounting AA Corporation is a C corporation. In 2017, sales are $500,000; cost and expenses are $420,000, which includes charitable contribution of $10,000; 2016 NOL carry forward is $5,000; 2016 carry forward undeducted charitable contribution is $3,000. What is the deductible charitable contribution in 2017? What charitable contribution is carried forward to 2018? If in 2017 charitable contribution is $4,000, others are same, What is the deductible charitable contribution in 2017? What charitable contribution is carried forward to 2018?

Accounting AA Corporation is a C corporation. In 2017, sales are $500,000; cost and expenses are $420,000, which includes charitable contribution of $10,000; 2016 NOL carry forward is $5,000; 2016 carry forward undeducted charitable contribution is $3,000. What is the deductible charitable contribution in 2017? What charitable contribution is carried forward to 2018? If in 2017 charitable contribution is $4,000, others are same, What is the deductible charitable contribution in 2017? What charitable contribution is carried forward to 2018?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 38P

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