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true or false 10. Prorata common stock dividend distributed on common stock is a tax free distribution. 11. All organizational expenses must be amortized ratably
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10. Prorata common stock dividend distributed on common stock is a tax free distribution. 11. All organizational expenses must be amortized ratably over the 180 month period beginning with the month the corporation begins business. 12. The charitable contribution deduction for a corporation is limited to 10% of book income. 13. A corporation deducts capital losses for the current year against its capital gains and any excess is deductible up to $3,000Step by Step Solution
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