subject
Business, 12.08.2019 23:30 hgghukghj1814

Ruth lewis has adjusted gross income of $100,000 for 2019 and itemizes her deductions. on september 1, 2019, she made a contribution to a private nonoperating foundation (not a 50% charity) of stock held for investment for 2 years that cost $25,000 and had a fair market value of $70,000. the foundation sold the stock for $70,000 on the same date. assume that lewis made no other contributions during 2019. how much should lewis claim as a charitable contribution deduction for 2019?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 15:20
To make a profit while benefiting humanity is an example of a mission statement that what
Answers: 3
question
Business, 22.06.2019 09:30
Which of these is not a result of regular exercise
Answers: 1
question
Business, 22.06.2019 09:30
What is the relationship among market segmentation, target markts, and consumer profiles?
Answers: 2
question
Business, 22.06.2019 12:40
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
You know the right answer?
Ruth lewis has adjusted gross income of $100,000 for 2019 and itemizes her deductions. on september...
Questions
question
English, 07.04.2020 22:40
Questions on the website: 13722363