Start-up and organization costs for a corporation that is to operate a retail store would include the costs of
A)promoters' fees and printing stock certificates.
B)advertising for a grand opening sale.
C)the initial purchase of inventory.
D)counters and racks to display merchandise.

Question

Quizplus · Accepted Answer

Start-up and organization costs for a corporation include expenses incurred during the formation of the company, such as promoters' fees and the costs associated with issuing and printing stock certificates. These are one-time costs necessary to establish the corporation's legal and operational structure.

Start-Up and Organization Costs for a Corporation That Is to Operate