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Clayton recently invested $50,000 in an oil company. The company has agreed to use Clayton's investment strictly for exploration purposes. Rather than writing off $50,000
Clayton recently invested $50,000 in an oil company. The company has agreed to use Clayton's investment strictly for exploration purposes. Rather than writing off $50,000 from its corporate taxes, the company passed the deduction on to Clayton. Clayton can now write off the entire amount of his investment against his taxes. Clayton invested his money in A. offshore companies. C. government bonds. B. flow-through shares. D. derivatives.
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