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Business, 06.07.2020 20:01 angie249

Cherry Corporation, a calendar year C corporation, is formed and begins business on April 1, 2019. In connection with its formation, Cherry incurs organizational expenditures of $54,000. Determine Cherry Corporation’s deduction for organizational expenditures for 2016.

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Cherry Corporation, a calendar year C corporation, is formed and begins business on April 1, 2019. I...
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