Clark Exploration Corporation Was Organized and Began Operations on October

question 3

Multiple Choice

Clark Exploration Corporation was organized and began operations on October 1, 2018. 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 2018?

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

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Definitions:

Political Attitudes

Individual or collective opinions, beliefs, and values about political issues, personalities, and systems.

Table Manners

The rules of etiquette used while eating, which may include the use of utensils, keeping elbows off the table, and chewing with the mouth closed.

Gender Identity

Our sense of being male or female.

Gender Roles

Societal norms dictating the behaviors, actions, and roles deemed appropriate for men and women based on their sex.