[20] During the current year, Ashley Corporation charged the following payments to miscellaneous expense: 1....

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Accounting

[20] During the current year, Ashley Corporation charged the following payments to miscellaneous expense: 1. Travel expense of $300 for the company president to offer voluntary testimony at the state capital against proposed legislation regarded as unfavorable to its business (the company engaged in no other lobbying during the year) 2. Christmas gifts to 20 customers at $75 each 3. Contribution of $600 to local political candidate The maximum deduction that Ashley can claim for these payments is A. $800 B. $1,400 C. $1,800 D. $2,400

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