Aquamarine Corporation, a calendar year C corporation, makes the following donations to qualifie charitable organizations during the current year: Adjusted Basis Fair Market Value
Painting held four years as an investment,
to a church, which sold it immediately $15,000 $25,000
Apple stock held two years as an investment,
to United Way, which sold it immediately 90,000 40,000
Canned groceries held one month as inventory,
to Catholic Meals for the Poor 10,000 17,000
Determine the amount of Aquamarine Corporation's charitable deduction for the current year.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answerfunctional;