Cheyenne Corporation was organized in 2019 and began operations at the beginning of 2020. The company is involved in interior design consulting services. The following costs were incurred prior to the start of operations. Attorney's fees in connection with organization of the company $15,500 Purchase of drafting and design equipment 10,500 Costs of meetings of incorporators to discuss organizational activities 5,400 State filing fees to incorporate 1,400 $32,800 (a) Compute the total amount of organization costs incurred by Cheyenne. Total organization costs 2$
Cheyenne Corporation was organized in 2019 and began operations at the beginning of 2020. The company is involved in interior design consulting services. The following costs were incurred prior to the start of operations. Attorney's fees in connection with organization of the company $15,500 Purchase of drafting and design equipment 10,500 Costs of meetings of incorporators to discuss organizational activities 5,400 State filing fees to incorporate 1,400 $32,800 (a) Compute the total amount of organization costs incurred by Cheyenne. Total organization costs 2$
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10E: Kling Company was organized in late 2019 and began operations on January 2, 2020. Prior to the start...
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![Cheyenne Corporation was organized in 2019 and began operations at the beginning of 2020. The company is involved in interior
design consulting services. The following costs were incurred prior to the start of operations.
Attorney's fees in connection with organization of the company
$15,500
Purchase of drafting and design equipment
10,500
Costs of meetings of incorporators to discuss organizational activities
5,400
State filing fees to incorporate
1,400
$32,800
(a)
Compute the total amount of organization costs incurred by Cheyenne.
Total organization costs
$
eTextbook and Media
List of Accounts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0bb1ff74-656a-48d4-946d-440c26f1021c%2F30e9c345-196f-48bd-87ac-a9721713bfb4%2Fcgnsq9b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cheyenne Corporation was organized in 2019 and began operations at the beginning of 2020. The company is involved in interior
design consulting services. The following costs were incurred prior to the start of operations.
Attorney's fees in connection with organization of the company
$15,500
Purchase of drafting and design equipment
10,500
Costs of meetings of incorporators to discuss organizational activities
5,400
State filing fees to incorporate
1,400
$32,800
(a)
Compute the total amount of organization costs incurred by Cheyenne.
Total organization costs
$
eTextbook and Media
List of Accounts
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