During the Current Year, Owl Corporation (A C Corporation), a Retailer

Multiple Choice

During the current year, Owl Corporation (a C corporation) , a retailer of children's apparel, made the following donations to qualified charitable organizations. Adjusted Basis Fair Market Value
Children's clothing held as inventory, to Haven
For Hope $10,000 $15,000
Stock in Exxon Corporation acquired two years ago and 5,000 3,000
Held as an investment, to City University
Land acquired four years ago and held as an investment, 50,000 75,000
To Humane Society
How much qualifies for the charitable contribution deduction?

A) $63,000
B) $65,000
C) $90,500
D) $92,500
E) None of the above