Rick formed a new corporation

Rick formed a new corporation

Question # 00421808 Posted By: kimwood Updated on: 11/11/2016 01:44 AM Due on: 11/11/2016
Subject Accounting Topic Accounting Tutorials:
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On May 1, Rick formed a new corporation, Red Inc. He spent $3,000 in legal fees and paid the state $600 in incorporation fees. Red, Inc. started operating its business on May 10. Can Rick or Red, Inc. deduct either of these organizational fees?
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    Tutorial # 00417272 Posted By: kimwood Posted on: 11/11/2016 01:45 AM
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