Start-Up and Organization Costs

question 193

Multiple Choice

Start-up and organization costs

• A)are capitalized,but never amortized.
• B)are capitalized and amortized,usually over five years.
• C)are expensed in the year incurred.
• D)appear on the balance sheet as a current asset.

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, usually showing the frequency of data within certain ranges.

Class Interval

A range of values in a dataset that is grouped together for the purpose of constructing a frequency distribution or histogram.

Frequency Distribution

A summary of data showing the number (frequency) of observations in each of several non-overlapping categories or bins.