Which, if any, of the following costs cannot be expensed or amortized as organizational expenses?

Question

Quizplus · Accepted Answer

The cost of issuing or selling stock certificates is considered a cost of issuance and is not considered an organizational expense. It cannot be expensed or amortized as an organizational expense. The other options, B) Cost of organizational meetings of the board of directors, C) Fee paid to the state for incorporating, and D) Legal fees incurred for preparing the corporate charter and by-laws, are all considered organizational expenses that can be expensed or amortized.

Which, If Any, of the Following Costs Cannot Be Expensed