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  3. in the current year, e inc. paid the following leg

In the current year, E Inc. paid the following legal expenses: $3,000 for letters to...

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Accounting

In the current year, E Inc. paid the following legal expenses: $3,000 for letters to collect overdue accounts receivable, $6,000 for
representation to the municipal government, and $4,000 to examine the contract to purchase land for a new warehouse building.
Determine the amount that E's net income for tax purposes will decrease in the current year due to these expenses. The
representation to the municipal government was concerning a matter that will impact E Inc.'s business.
Note: Do not place a minus sign in front of the amount.
$
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