Blueboy Inc. contributes inventory to a qualified charity for use in feeding the needy. The inventory has a $70,000 FMV and a $30,000 adjusted basis. Blueboy Inc. can take a charitable contribution deduction of
A) $20,000.
B) $30,000.
C) $50,000.
D) $60,000.
C) $50,000.
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Fill in the blank(s) with correct word
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