Nicole organized a new corporation the corporation began

Reference no: EM13599267

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
incorp February 10 $38,000
March 1-March 30 wages March 30 $3,800
March 1-March 30 rent March 30 $1,900
Stock issuance April 1 $21,000
April 1-May 30 wages May 30 $9,500

A. What amount of the start-up costs and organizational expenditures may the corporation immediately expense in year 1?

Total amount of the start-up costs $
Organizational expenditures $

Reference no: EM13599267

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Nicole organized a new corporation the corporation began

Reference no: EM13599267

Reference no: EM13599267

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