Question
Capriati Corporation commenced operations in early 2012. The corporation incurred $60,710 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures
Capriati Corporation commenced operations in early 2012. The corporation incurred $60,710 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation.
Prepare journal entries 1) to record the $60,710 expenditure and 2) 2012 amortization
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How To Avoid IRS Audits
Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.
1st Edition
1530746477, 978-1530746477
