In the Financial Statements Organization Costs Appears

question 133

Multiple Choice

In the financial statements organization costs appears

• A) immediately below Retained Earnings in the stockholders' equity section.
• B) in the income statement.
• C) as part of paid-in capital in the stockholders' equity section.
• D) as an intangible asset.

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Definitions:

Living Will

A document executed with specific legal formalities stating a person’s preference that heroic life support measures should not be used if there is no hope of the person’s recovery.

Respirator

A device designed to protect the wearer from inhaling harmful dust, fumes, vapors, or gases.

Joint Tenants

Individuals who own property together with rights of survivorship, meaning upon the death of one tenant, their interest in the property automatically passes to the surviving tenant(s).

Right of Survivorship

A legal principle in joint ownership where the surviving owner(s) automatically inherit the share of a deceased owner.