Organization costs are:

Question

Quizplus · Accepted Answer

Organization costs are intangible assets on the balance sheet, as they represent the costs of setting up the company and include legal and filing fees, incorporation fees, and accounting fees. These costs do not expire over time and are not considered current assets, but rather long-term assets that will benefit the company over time. They are not listed as expenses on the income statement, but rather accounted for on the balance sheet as an intangible asset.

Organization Costs Are