How much is corporation''s charitable contribution deduction, Accounting Basics

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How much is corporation''s charitable contribution deduction

Corporations had the following income and expenses during the current taxable year:

Income from operations $250,000
Expenses from operations $120,000
Dividends received (from a 70 percent-owned corporation)) $ 80,000
Cash charitable contributions $ 30,000

How much is Corporation's charitable contribution deduction for the current taxable year?

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Accounting Basics: How much is corporation''s charitable contribution deduction

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Accounting Basics: How much is corporation''s charitable contribution deduction

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