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Title: Green Corporation is incorporated on March 1 and begins business on June 1. Green's first tax year ... Post by: safezone on Feb 14, 2017 Green Corporation is incorporated on March 1 and begins business on June 1. Green's first tax year ends on October 31, i.e., a short year. Green incurs the following expenses during the year:
Month Type Amount February March March April December Draft charter Stock commission Accounting fees to set up books Temporary director fees Charter modification fee $ 2,000 30,000 2,000 2,000 1,000 What is the deduction for organizational expenses if Green chooses to deduct its costs as soon as possible? A) $36,000 B) $5,028 C) $667 D) $500 Title: Re: Green Corporation is incorporated on March 1 and begins business on June 1. Green's first tax ... Post by: Rimoun on Feb 14, 2017 Content hidden
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