Organizational expenditures include all of the following except for
A)costs incurred when issuing stock.
B)legal costs incident to the creation of the corporation.
C)expenses of organizational meetings.
D)fees paid to the state of incorporation.

Question

Quizplus · Accepted Answer

Costs incurred when issuing stock are not considered organizational expenditures. Organizational expenditures typically include expenses related to the creation of the corporation, such as legal fees and fees paid to the state of incorporation, as well as expenses related to organizational meetings.

Organizational Expenditures Include All of the Following Except for