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Determine cherry corporation deduction for organizational

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Reference no: EM132765667

Cherry Corporation, a calendar-year C corporation, is formed and begins business on 2/1/2020. In connection with its formation, Cherry incurs organizational expenditures of $52,300.

Problem 1: Round the per month amount to two decimal places. Round your final answer to the nearest dollar. Determine Cherry Corporation's deduction for organizational expenditures for the current year.

Reference no: EM132765667

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