The costs of bringing a corporation into existence, including legal fees, promoters' fees, and amounts paid to the government are called:
A) Minimum legal capital.
B) Organization costs.
C) Financial leverage.
D) Prepaid expenses.
E) Contributed capital.

Question

Quizplus · Accepted Answer

Organization costs are the costs of bringing a corporation into existence, including legal fees, promoters' fees, and amounts paid to the government.

The Costs of Bringing a Corporation into Existence, Including Legal