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29. Saleem Corporation donates inventory having an adjusted basis of $40,000 and an FMV of...

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Accounting

29. Saleem Corporation donates inventory having an adjusted basis of $40,000 and an FMV of $150,000 to a qualified public charity. The inventory will be used by the charity to care for the ill. The maximum charitable contribution deduction before consideration of the 10% limitation is

A) $40,000.

B) $80,000.

C) $110,000.

D) $150,000.

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