Discussion Question 3-17 (LO. 2)

Identify whether the following expenditures by Cuckoo Corporation are "Organizational Expenditures", "Startup Expenditures", or "Neither".

a. Legal expenses incurred for drafting the corporate charter and bylaws. b. Accounting fees incurred in initial organization. c. Expenses of temporary board of directors' organizational meetings. d. Employee salaries incurred during the training period before opening for business. e. Brokerage fees incurred in initial stock sales.