Clark Exploration Corporation Was Organized and Began Operations on October

question 16

Multiple Choice

Clark Exploration Corporation was organized and began operations on October 1,2013.It incurs $41,000 in legal fees to obtain the corporate charter.The corporation elects to expense its organizational costs over the shortest allowable period.What amount will Clark report for organizational expenses for 2013?

• A)$ 2,050
• B)$ 4,100
• C)$ 5,000
• D)$ 5,600
• E)$41,000

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Definitions:

Aggression Effects

The outcomes or consequences of aggressive behavior, which can include physical injury, psychological harm, and strained relationships.

Possession-Oriented

Characterized by an emphasis on ownership and control over objects or resources.

Person-Oriented

An approach focusing on understanding and considering an individual's unique characteristics, feelings, and perspectives.

Aggression

A range of behaviors that can result in both physical and psychological harm to oneself, others, or objects in the environment.