Question
The following costs were incurred by the acquirer in business combinations: Costs incurred Pent Subtle Legal fees $3,000,000 $1,500,000 Cost of an internal acquisitions department
The following costs were incurred by the acquirer in business combinations:
| Pent | Subtle | ||
|---|---|---|---|
| Legal fees | $3,000,000 | $1,500,000 | |
| Cost of an internal acquisitions department | 10,000,000 | $720,000 | |
| Insurance cost of debt securities | 180,000 | 620,000 |
Which costs related to effecting business combinations are expensed in full by the controlled group for the period in which they are incurred?
$1800,00
$3,180,00
$13,000,00
$13,180.00
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
9th edition
78110912, 978-0078110917
