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i need the second part of this problem i need the second part of this problem please! Cedar Corporation incorporates on January 7, begins business
i need the second part of this problem
i need the second part of this problem please!
Cedar Corporation incorporates on January 7, begins business on July 10, and elects to have its initial tax year end on December 31. Cedar incurs the following expenses between January and December related to its organization during the current year (Click on the icon to view list of expenses.) Read the requirements Requirement a. What alternative treatments are available for Cedar's expenditures? Select the tax treatment for each expenditure. Begin with the expenditures incurred through June 1. Then, complete the table for the expenditures through July 15. Date Expenditure Amount Treatment January 30 Travel to investigate potential business site 7,500 Start-up expense May 15 Legal expenses to draft corporate charter 1,500 Organizational expense May 30 Commissions to stockbroker for issuing and selling stock 4,500 Reduction of capital May 30 Temporary directors' fees 3,240 Organizational expense Expense of transferring building to Cedar 2,500 Capitalized to the related asset June 5 Accounting foes to set up corporate books 3,500 Organizational expenso Training expenses for employees 2,000 Start-up expense June 15 Rent expense for June 540 Start-up expense July 15 Rent expense for July 540 Sec. 162 expense June 1 June 10 and amortize the remainder Cedar Corporation can elect to deduct of organizational expenditures under over months. This election is deemed automatic under Treasury Regulations Cedar Corporation incorporates on January 7, begins business on July 10, and elects to have its initial tax year end on December 31. Cedar Incurs the following expenses between January and December related to its organization during the current year: (Click on the icon to view list of expenses) Read the requirements Requirement a. What alternative treatments are available for Cedar's expenditures? Select the tax treatment for each expenditure. Begin with the expenditures incurred through June 1. Then, complete the table for the expenditures through July 15, Date Expenditure Amount Treatment January 30 Travel to investigate potential business site 7,500 Start-up expense May 15 Legal expenses to draft corporate charter 1,500 Organizational expense May 30 Commissions to stockbroker for insuing and selling stock 4,500 Reduction of capital May 30 Temporary director foes 3,240 Organizational expenso June 1 Expense of transferring building to Cedar 2,500 Capitalized to the related assot June 5 Accounting foes to set up corporate books 3,500 Organizational expense June 10 Training expensen for employees 2,000 Start-up expense June 15 Rent expense for June 540 Start-up expense July 15 Rent expense for July 540 Soc. 162 expenso Cedar Corporation can elect to deduct of organizational expenditures under and amortize the remainder over months. This election is deemed automatic under Treasury Regulations. Sec. 161 Sec. 195 Sec. 248 Sec. 291 Cedar Corporation incorporates on January 7, begins business on July 10, and elects to have its initial tax year end on December 31. Cedar incurs the following expenses between January and December related to its organization during the current year (Click on the icon to view list of expenses.) Read the requirements Requirement a. What alternative treatments are available for Cedar's expenditures? Select the tax treatment for each expenditure. Begin with the expenditures incurred through June 1. Then, complete the table for the expenditures through July 15. Date Expenditure Amount Treatment January 30 Travel to investigate potential business site 7,500 Start-up expense May 15 Legal expenses to draft corporate charter 1,500 Organizational expense May 30 Commissions to stockbroker for issuing and selling stock 4,500 Reduction of capital May 30 Temporary directors' fees 3,240 Organizational expense Expense of transferring building to Cedar 2,500 Capitalized to the related asset June 5 Accounting foes to set up corporate books 3,500 Organizational expenso Training expenses for employees 2,000 Start-up expense June 15 Rent expense for June 540 Start-up expense July 15 Rent expense for July 540 Sec. 162 expense June 1 June 10 and amortize the remainder Cedar Corporation can elect to deduct of organizational expenditures under over months. This election is deemed automatic under Treasury Regulations Cedar Corporation incorporates on January 7, begins business on July 10, and elects to have its initial tax year end on December 31. Cedar Incurs the following expenses between January and December related to its organization during the current year: (Click on the icon to view list of expenses) Read the requirements Requirement a. What alternative treatments are available for Cedar's expenditures? Select the tax treatment for each expenditure. Begin with the expenditures incurred through June 1. Then, complete the table for the expenditures through July 15, Date Expenditure Amount Treatment January 30 Travel to investigate potential business site 7,500 Start-up expense May 15 Legal expenses to draft corporate charter 1,500 Organizational expense May 30 Commissions to stockbroker for insuing and selling stock 4,500 Reduction of capital May 30 Temporary director foes 3,240 Organizational expenso June 1 Expense of transferring building to Cedar 2,500 Capitalized to the related assot June 5 Accounting foes to set up corporate books 3,500 Organizational expense June 10 Training expensen for employees 2,000 Start-up expense June 15 Rent expense for June 540 Start-up expense July 15 Rent expense for July 540 Soc. 162 expenso Cedar Corporation can elect to deduct of organizational expenditures under and amortize the remainder over months. This election is deemed automatic under Treasury Regulations. Sec. 161 Sec. 195 Sec. 248 Sec. 291 Step by Step Solution
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