Fundamental Accounting Principles -Hardcover
Fundamental Accounting Principles -Hardcover
22nd Edition
ISBN: 9780077632991
Author: Wild
Publisher: MCG
bartleby

Videos

Question
Book Icon
Chapter 13, Problem 1DQ
To determine

Organization Expenses: The organizational expenses are the expenses that a company has to bear at the time of its inception.

To determine:

To define the organization expenses

Expert Solution & Answer
Check Mark

Answer to Problem 1DQ

Solution:

The organization expenses are the initial expenses incurred to form a corporation.

Explanation of Solution

These are the expenses that are borne by the organization at the time of its inception. These expenses include fees to the legal attorney, registration expenses and any applicable taxes.

Conclusion

The organization expenses are the one time initial expenses that a company has to bear.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What is the total number of equivalent units?
Das Corp had originally expected to earn operating income of $150,000 in the coming year. Das's degree of operating leverage is 3.1. Recently, Das revised its plans and now expects to increase sales by 15% next year. What is the percent change in operating income expected by Das in the coming year?
General Account

Chapter 13 Solutions

Fundamental Accounting Principles -Hardcover

Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education
ACCOUNTING BASICS: Debits and Credits Explained; Author: Accounting Stuff;https://www.youtube.com/watch?v=VhwZ9t2b3Zk;License: Standard Youtube License