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What amount should be included in yews income statement

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Reference no: EM131832757

In Yew Co.'s year 1 annual report, Yew described its social awareness expenditures during the year as follows:

The Company contributed $250,000 in cash to youth and educational programs. The Company also gave $140,000 to health and human service organizations, of which $80,000 was contributed by employees through payroll deductions. In addition, consistent with the Company's commitment to the environment, the Company spent $100,000 to redesign product packaging.

What amount of the above should be included in Yew's income statement as charitable contributions expense?

Reference no: EM131832757

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