uality Company issues 8,000,000 Class A shares for gross proceeds of $220,000,000. Legal, printing and sales commission costs to the underwriters were $8,000,000 This $8,000,000 should be accounted for as Multiple Choice Two of the above treatments allowed under GAAP Capitalized as Contributed Surplus A reduction of the proceeds for the share issue Amortized against Income using the effective interest method Added to the Intangible asset Organization Costs