Question
On May 1, Rick formed a new corporation, Red Inc. He spent $3,000 in legal fees and paid the state $600 in incorporation fees. Red,
On May 1, Rick formed a new corporation, Red Inc. He spent $3,000 in legal fees and paid the state $600 in incorporation fees. Red, Inc. started operating its business on May 10. Can Rick or Red, Inc. deduct either of these organizational fees?
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
