subject
Business, 17.12.2019 04:31 NANA2007

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: expense date amount attorney fees for articles of incorporation february 10 $ 40,500 march 1 – march 30 wages march 30 6,550 march 1 – march 30 rent march 30 2,850 stock issuance costs april 1 24,000 april 1 – may 30 wages may 30 16,375 a. what is the total amount of the start-up costs and organizational expenditures for nicole's corporation? b. what amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1? c. what amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up costs for year 1 (not including the amount it immediately expensed)? (round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) d. what would be the allowable organizational expenditures, including immediate expensing and amortization, if nicole started a sole proprietorship instead? (leave no answer blank. enter zero if applicable.)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 14:00
How many months does the federal budget usually take to prepare
Answers: 1
question
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
question
Business, 22.06.2019 15:30
Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.
Answers: 3
question
Business, 22.06.2019 20:20
Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900
Answers: 1
You know the right answer?
Nicole organized a new corporation. the corporation began business on april 1 of year 1. she made th...
Questions
question
Mathematics, 20.12.2019 01:31
question
English, 20.12.2019 01:31
question
Mathematics, 20.12.2019 01:31
Questions on the website: 13722360