Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vin formed Mistborn, Inc. and incurred the following items: Legal Fees to Incorporate $45,000 Pre-opening advertising $4000 Initial State filing fee $6000 If business began

Vin formed Mistborn, Inc. and incurred the following items: Legal Fees to Incorporate $45,000 Pre-opening advertising $4000 Initial State filing fee $6000 If business began on 7/25/20, what is Mistborns Year 1 deduction for the above?

a. $9436

b. $1833

c. None of these

d. $6667

e. $9567

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting And Auditing In Sovereign Operations Technical Guidance Note

Authors: Asian Development Bank

1st Edition

9292698192, 978-9292698195

More Books

Students also viewed these Accounting questions

Question

What is meant by organisational theory ?

Answered: 1 week ago

Question

What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago

Question

1. In what ways has flexible working revolutionised employment?

Answered: 1 week ago