It also illustrates the reporting of both temporary and permanent differences

It also illustrates the reporting of both temporary

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66.Organizational expenditures and startup expenditures were incurred in January, February,and March. For both types of expenditures, the corporation can elect to expense the first$5,000 of qualifying expenditures and amortize the remaining balance over a period of180 months. Don and Steve should identify the organizational and startup expendituresthat qualify, and decide whether to make the elections.
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