Emerald Corporation,a Calendar Year C Corporation,was Formed and Began Operations

Multiple Choice

Emerald Corporation,a calendar year C corporation,was formed and began operations on July 1,2010.The following expenses were incurred during the first tax year (July 1 through December 31,2010) of operations:

Assuming a § 248 election,what is the Emerald's deduction for organizational expenditures for 2010?

A) $0.
B) $533.
C) $5,367.
D) $5,500.
E) None of the above.