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Which of the following is correct regarding the deductibility of organizational expenses by an S...

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Accounting

Which of the following is correct regarding the deductibility of organizational expenses by an S corporation: a.organizational expenses can be deducted in the taxable year when they are incurred b.organizational expenses can be deducted in the taxable year when the S corporation begins business c.the deductibility of organizational expenses is unlimited d.the deductibility of organizational expenses is limited to $50,000

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