Ayayai Corporation was organized in 2024 and began operations at the beginning of 2025. The company is involved in interior design consulting services. The following costs were incurred prior to the start of operations. Attorney fees in connection with organization of the company Purchase of drafting and design equipment Costs of meetings of incorporators to discuss organizational activities State filing fees to incorporate (a) x Your answer is incorrect. Compute the total amount of organization costs incurred by Ayayai. Total organization costs $ 31200 $15,100 10,100 5,000 1,000 $31,200

Ayayai Corporation was organized in 2024 and began operations at the beginning of 2025. The company is involved in interior design consulting services. The following costs were incurred prior to the start of operations. Attorney fees in connection with organization of the company Purchase of drafting and design equipment Costs of meetings of incorporators to discuss organizational activities State filing fees to incorporate (a) x Your answer is incorrect. Compute the total amount of organization costs incurred by Ayayai. Total organization costs $ 31200 $15,100 10,100 5,000 1,000 $31,200

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 23DQ

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