In the Financial Statements, Organization Costs Appears

question 337

Multiple Choice

In the financial statements, organization costs appears

• A) immediately below Retained Earnings in the equity section.
• B) in the income statement.
• C) as part of share premium in the equity section.
• D) as an intangible asset.

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Definitions:

Pancreatic Juice

A liquid secreted by the pancreas that contains a variety of enzymes critical for the digestion of food in the small intestine.

Goblet Cells

Epithelial cells that secrete mucus to protect and lubricate many internal body surfaces.

Produce Mucus

The process by which mucous membranes secrete mucus, a thick protective fluid.

Mucus

A thick, slippery substance produced by the mucous membranes and glands, used to lubricate and protect certain parts of the body like the respiratory tract.