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Costs incurred in investigating the creation or acquisition of an active trade or business are classified as: 1) acquisition costs. 2) start-up costs. 3) organizational expenditures. 4) none of the above. Solution Cost incurred in investigating the creation or acquisition of an active trade or business are classified as start-up costs. Option 2 is correct.

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Costs incurred in investigating the creation or acquisition of an active trade or business are classified as: 1) acquisition costs. 2) start-up costs. 3) organizational expenditures. 4) none of the above. Solution Cost incurred in investigating the creation or acquisition of an active trade or business are classified as start-up costs. Option 2 is correct

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