Costs incurred in investigating the creation or acquisition of an active trade or business are classiﬁed as:

Name: Costs incurred in investigating the creation or acquisition of an active trade or business are classiﬁed as:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Investigation costs are not organization expenditures because no business activity has yet begun. Similarly, they are not acquisition costs, because the business has not yet been acquired and may never be
 the y are classiﬁed as start-up costs.

Costs Incurred in Investigating the Creation or Acquisition of an Active