Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: Expense Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Date Amount February 10 $32,500 March 30 4,000 March 30 2,050 April 1 40,000 May 30 10,000 Note: Leave no answer blank. Enter zero if applicable. Problem 10-73 Part a (Algo) a. What is the total amount of the start-up costs and organizational expenditures for Nicole's corporation? Start-up costs Organizational expenditures

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following
expenditures associated with getting the corporation started:
Expense
Attorney fees for articles of incorporation
March 1-March 30 wages
March 1-March 30 rent
Stock issuance costs.
April 1-May 30 wages
Note: Leave no answer blank. Enter zero if applicable.
Problem 10-73 Part a (Algo)
Date
February 10
Amount
$ 32,500
March 30
4,000
March 30
2,050
April 1
40,000
May 30
10,000
a. What is the total amount of the start-up costs and organizational expenditures for Nicole's corporation?
Start-up costs
Organizational expenditures
Transcribed Image Text:Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: Expense Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs. April 1-May 30 wages Note: Leave no answer blank. Enter zero if applicable. Problem 10-73 Part a (Algo) Date February 10 Amount $ 32,500 March 30 4,000 March 30 2,050 April 1 40,000 May 30 10,000 a. What is the total amount of the start-up costs and organizational expenditures for Nicole's corporation? Start-up costs Organizational expenditures
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