Why is Organization Expense not a good title for the account that records the costs of organizing

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Why is Organization Expense not a good title for the account that records the costs of organizing a corporation? Could you justify leaving the balance of an Organization Costs account intact throughout the life of a corporation?

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 16, 2024 04:25 AM

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Why is Organization Expense not a good title for the account that records the costs of organizing

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Financial Accounting A Business Perspective

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