Connect 2-Semester Access Card for Fundamental Accounting Principles
Connect 2-Semester Access Card for Fundamental Accounting Principles
22nd Edition
ISBN: 9780077632755
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter 13, Problem 1DQ
To determine

Organization Expenses: The organizational expenses are the expenses that a company has to bear at the time of its inception.

To determine:

To define the organization expenses

Expert Solution & Answer
Check Mark

Answer to Problem 1DQ

Solution:

The organization expenses are the initial expenses incurred to form a corporation.

Explanation of Solution

These are the expenses that are borne by the organization at the time of its inception. These expenses include fees to the legal attorney, registration expenses and any applicable taxes.

Conclusion

The organization expenses are the one time initial expenses that a company has to bear.

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Chapter 13 Solutions

Connect 2-Semester Access Card for Fundamental Accounting Principles

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