On December 20, 2019, the Directors of Quail Corporation (An

question 112

True/False

On December 20, 2019, the directors of Quail Corporation (an accrual basis, calendar year C corporation) authorized a cash donation of $5,000 to the American Cancer Society, a qualified charity. The payment, which is made on April
6, 2020, may be claimed as a deduction for tax year 2019.

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Definitions:

Cloud Server

A server that is maintained by a hosting company and that is connected to networks via the Internet.

Hosting Company

A service provider that offers the infrastructure and services needed to make websites accessible via the internet.

Pulses Of Light

Rapidly fluctuating light beams used in technologies like fiber-optic communications to transmit data.

Light Waves

Electromagnetic waves visible to the human eye, responsible for the phenomenon of sight.