Problem 11

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Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: (Leave no answer blank. Enter zero if applicable.)

Problem 10-73 Part d (Algo)

d. What would be the total allowable organizational expenditures if Nicole started a sole proprietorship instead of a corporation?

Expense Attorney fees for articles of incorporation March 1-March 30 wages March 1-March 30 rent Stock issuance costs April 1-May 30 wages Date February 10 March 30 March 30 April 1 May 30 Amount $ 35,500 4,900 2,350 34,000 12,250 Problem 10-73 Part d (Algo) d. What would be the total allowable organizational expenditures if Nicole started a sole proprietorship Instead of a corporation? Allowable organizational expenditure