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  3. x corporation has taxable income of $100,000 befor

X corporation has taxable income of $100,000 before the charitable deduction. X corporation's charitable contributions...

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Accounting

X corporation has taxable income of $100,000 before the charitable deduction. X corporation's charitable contributions for the year totaled $200,000. As a consequence X corporation will have a net operating loss for the year of $100,000.
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