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Mathematics, 08.11.2019 18:31 Michaelab
Stan and susan, two calendar year taxpayers, are starting a new business to manufacture and sell digital circuits. they intend to incorporate the business with $600,000 of their own capital and $2 million of equity capital obtained from other investors. the company expects to incur organizational and start-up expenditures of $100,000 in the first year. inventories are a material income-producing factor.
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