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Exercise 14-5 (Algorithmic) (LO. 3) $18,450 of organizational costs. Candlewood also incurred $17,000 of preopening advertising expenses and $34,800 of saing costs for new employees
Exercise 14-5 (Algorithmic) (LO. 3) $18,450 of organizational costs. Candlewood also incurred $17,000 of preopening advertising expenses and $34,800 of saing costs for new employees before opening for business, for a total of $51,800 of startap costs. The LLC desires the the the available for these costs. If required, round any division to six decimal places and use in subsequent computations. Round your final answers to the nearest dollar. Compute Candlewood's deductions for the first year of its operations for: a. Organizational expenditures: \$ b. Startup expenses: $
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