bhenretty5223 bhenretty5223

19-06-2024
Business

Answered

Ayayai Corporation commenced operations in early 2025. The corporation incurred $40,000 of costs such as fees to underwriters, legal fees, state fees, and promotional expenitures during its formation.
Prepare journal entries to record the $40,000 expenditure and 2025 amortization, if any.

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