Cherry Corporation, a calendar year C corporation, is formed and begins business on 10/1/2022. In connection...

 

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Cherry Corporation, a calendar year C corporation, is formed and begins business on 10/1/2022. In connection with its formation, Cherry incurs organizational expenditures of $52,300. Round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine Cherry Corporation's deduction for organizational expenditures for the current year. 3,650 X $ Cherry Corporation, a calendar year C corporation, is formed and begins business on 10/1/2022. In connection with its formation, Cherry incurs organizational expenditures of $52,300. Round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine Cherry Corporation's deduction for organizational expenditures for the current year. 3,650 X $

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If Organisational expenditures are below 50000 an expense of upto 5000 can be deducted in the ... View the full answer