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5. Ccc Corporation, a C corporation, sells inventory and uses accrual accounting. Give an example...

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Accounting

5. Ccc Corporation, a C corporation, sells inventory and uses accrual accounting. Give an example and explain when it has to record income.

6. In a C corporation,

A. What is its tax year?

B. How much can it deduct as a charitable contribution?

C. What is its dividend deduction?

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