Question
which of the following statements about organization cost is not correct.? a. Most corporations treat organization costs as an intangible asset and spread them over
which of the following statements about organization cost is not correct.?
a. Most corporations treat organization costs as an intangible asset and spread them over a five-year period.
b. organization cost may include legal and accounting fees. Incorporation fees paid to the estate and other outlays necessary to bring the corporation into existence.
c. Conceptually organization costs are an intangible asset that will benefit the corporation over its entire life.
d. From a practical standpoint most corporations expense organization costs immediately.
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