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15. Organizational Costs. (Obj. 2) At formation, a corporation incurs the following costs: legal services to obtain a corporate charter, $1,000; state incorporation fees, $700;
15. Organizational Costs. (Obj. 2) At formation, a corporation incurs the following costs: legal services to obtain a corporate charter, $1,000; state incorporation fees, $700; and costs related to issuing common stock, $3,000. How quickly will the corporation be allowed to deduct these costs
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