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4 The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid to obtain a charter are called: OA Cumulative

4 The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid to obtain a charter are called: OA Cumulative costs. OB Minimum legal capital Mariam, Sabah and Fatima are partners with capital balances of $40,000, $60,000 and $50,000 respectively. They find that Afrah, a new partner, is a talented engineer with an experience useful for the company. Afrah accepts joining them as a new partner and ready to contribute $10,000 for an equity share of 25%. Afrah's capital balance would be $10.000

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