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    Federal Taxation
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    Exam 2: Corporations: Introduction and Operating Rules
  5. Question
    A Cash Basis Corporation That Incurs (But Does Not Pay)qualifying
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A Cash Basis Corporation That Incurs (But Does Not Pay)qualifying

Question 51

Question 51

True/False

A cash basis corporation that incurs (but does not pay)qualifying organizational expenditures in its first year of operations may include such expenses in the 180-month amortization period.

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