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2. (TCO E) Direct costs incurred to sell stock, such as underwriting costs, should be accounted for as 1. reduction of additional paid-in capital. 2.
2. (TCO E) Direct costs incurred to sell stock, such as underwriting costs, should be accounted for as
1. reduction of additional paid-in capital.
2. an expense of the period in which the stock is issued.
3. an intangible asset. (Points : 6)
1
2
3
1 or 3
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