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What amounts should be charged to the organization expense

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1. Windsor Corporation is being organized in 2013 and will begin operations at the beginning of 2014. Prior to the start of operations, the following costs have been incurred in 2013:

Attorneys' fees for assistance in obtaining corporate

charter and drafting related documents

$  33,000

Meetings of incorporators

14,000

Improvements to leased office space prior to occupancy

48,000

Fees to promoters to help locate buyers for Windsor's

21,000

common stock

$116,000

Based on the above data, what amounts should be charged to the Organization Expense account in 2013?

 

Reference no: EM13872279

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