Cleo spent $4,000 on organization costs for her business and $13,000 training staff. If the business is
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Question:
Cleo spent $4,000 on organization costs for her business and $13,000 training staff. If the business is a calendar-year cash-basis business that starts operations on June 1, what is the current year’s deduction for these expenses?
a. $17,000
b. $9,311
c. $9,000
d. $ 611
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133405507
13th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
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