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 date amount attorney fees for articles of incorporation february 10 $ 40,500 march 1 – march 30 wages march 30 6,550 march 1 – march 30 rent march 30 2,850 stock issuance costs april 1 24,000 april 1 – may 30 wages may 30 16,375 a. what is the total amount of the start-up costs and organizational expenditures for nicole's corporation? b. what amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1? c. what amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up costs for year 1 (not including the amount it immediately expensed)? (round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) d. what would be the allowable organizational expenditures, including immediate expensing and amortization, if nicole started a sole proprietorship instead? (leave no answer blank. enter zero if applicable.)
Answers: 2
Business, 22.06.2019 13:40
After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.
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Business, 22.06.2019 16:30
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
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Business, 22.06.2019 20:30
When many scrum teams are working on the same product, should all of their increments be integrated every sprint?
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Nicole organized a new corporation. the corporation began business on april 1 of year 1. she made th...
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