For financial reporting purposes, GAAP requires organization costs to be
A) expensed in the period in which they are incurred.
B) capitalized and amortized over 20 years.
C) capitalized and amortized over the first five years of the company's existence.
D) capitalized and treated as an intangible asset with an indefinite life.
A
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Process benchmarking creates the risk for a company to become stagnant
Indicate whether the statement is true or false
A ________ is a distinct form of draft drawn on a financial institution and payable on demand
A) promissory note B) check C) deed D) letter of credit
Enterprising Markets Coalition (EMC), a political lobbying group, wants a certain policy enacted into law. If EMC's policy conflicts with the U.S. Constitution, a law embodying it can be imposed by
A. Congress. B. a federal court. C. a state legislature. D. none of the choices.
Which of the following is the discount rate that makes the NPV of cash flows produced over time equal to zero?
A) CPR B) IRR C) ROI D) TCO