Organization Costs Should Be

question 23

Multiple Choice

Organization costs should be

• A) treated as an operating expense when incurred.
• B) debited to an intangible asset account when incurred and systematically charged to expense over a period of up to 40 years.
• C) debited to an intangible asset account when incurred and carried at the original amount until the business ceases operations.
• D) debited to an intangible asset account when incurred and carried at the original amount until the business begins to earn a profit.

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Definitions:

Delusions

Fixed false beliefs that are resistant to reason or confrontation with actual fact, often occurring as a symptom of psychiatric disorders.

Physiological Evidence

Physiological evidence consists of data or indicators obtained from the functioning of organisms, often used in scientific or medical contexts to support conclusions about health, behavior, or physiological states.

Inappropriate Affect

Display of emotions that are unsuited to the situation; a symptom of schizophrenia.

Schizophrenia

A mental disorder characterized by distorted thinking, perceptions, emotions, language, self-awareness, and behavior.