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Pamela was an officer in Green Restaurant which subsequently went bankrupt. Pamela started a new restaurant and, to establish goodwill, paid off the debts of $100,000 of Green Restaurant. She was under no obligation to do so. The $100,000 is:

A) deductible currently as an itemized deduction.

B) capitalized because the expenses are not ordinary.

C) deductible currently as a trade or business expense since the expenses are considered ordinary and necessary business expenses.

D) None of the above.

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