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A Cash Basis corporation that incurs but does not pay qualifying Organizational Expenditures before the end of ts first tax year of operations may include

A Cash Basis corporation that incurs but does not pay qualifying Organizational Expenditures before the end of ts first tax year of operations may include such expenses in the one hundred eighty (180) month amortization period of such expenses. O True False QUESTION 8 In determining the ten percent (10%) limitation on Charitable Contribution deductions, in amriving at Taxable Income Before Charitable Carts T must be reduced by the Charitable Contribution deduction. O FALSE O TRUE

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