Cherry Corporation, a calendar year C corporation, is formed and begins business on April 1, 2016. In

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Cherry Corporation, a calendar year C corporation, is formed and begins business on April 1, 2016. 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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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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