LO.7 Egret Corporation, a calendar year C corporation, was formed on June 7, 2010, and opened for
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LO.7 Egret Corporation, a calendar year C corporation, was formed on June 7, 2010, and opened for business on September 1, 2010. After its formation but prior to opening for business, Egret incurred the following expenditures:
Accounting $ 4,000 Advertising 9,500 Employee payroll 12,000 Rent 9,000 Utilities 2,000 What is the maximum amount of these expenditures that Egret can deduct in 2010?
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Related Book For 
South Western Federal Taxation 2011 Taxation Of Business Entities
ISBN: 9780538498616
14th Edition
Authors: James E. Smith, William A. Raabe, David M. Maloney
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