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Business, 07.04.2020 21:49 katy3865

C. If GC actually pays $50,000 of this contribution on January 15 of year 2 and the remaining $25,000 on May 15 of year 2, what book-tax difference will it report associated with the contribution in year 1 (assume the 10 percent limitation does not apply)? Is it favorable or unfavorable? Is it permanent or temporary?

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C. If GC actually pays $50,000 of this contribution on January 15 of year 2 and the remaining $25,00...
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