Question
The costs of start-up activities, including fees of attorneys, should be: 1- Capitalized, but not amortized, because of the indefinite life of the business. 2
The costs of start-up activities, including fees of attorneys, should be:
1- Capitalized, but not amortized, because of the indefinite life of the business.
2 Capitalized and amortized.
3- Capitalized and deferred until liquidation of the business.
4- Expensed when incurred.
which is correct?
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Loose Leaf For Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th Edition
1260151980, 978-1260151985
