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What is the maximum amount of these expenditures

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Question - Egret Corporation, a calendar year C Corporation, was formed on June 7, 2011, and opened for business on September 1, 2011. After its formation but prior to opening for business, Egret incurred the following expenditures:

Accounting $4,000

Advertising $9,500

Employee Payroll $12,000

Rent $ 9,000

Utilities $2,000

What is the maximum amount of these expenditures that Egret can deduct in 2011?

Reference no: EM131830107

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