Which, If Any, of the Following Costs Cannot Be Expensed

question 38

Multiple Choice

Which, if any, of the following costs cannot be expensed or amortized as organizational expenses?

• A)Cost of issuing or selling stock certificates.
• B)Cost of organizational meetings of the board of directors.
• C)Fee paid to the state for incorporating.
• D)Legal fees incurred for preparing the corporate charter and by-laws.
• E)None of the above.

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Definitions:

Cost Of Goods Sold

an accounting term representing the direct costs attributable to the production of the goods sold in a company, including materials and labor costs.

Sales Presentations

The practice of showcasing a product or service to potential or existing customers to make a sale or reinforce business relationships.

Sales Interview

Sales Interview is a discussion or meeting between a job candidate and a potential employer to determine the candidate's suitability for a sales position.

Non-selling Times

Periods when sales activities are not being conducted, which can include planning, research, and administrative tasks.