The costs of bringing a corporation into existence,including legal fees,promoter fees,and amounts paid to obtain a charter are called:
A)Minimum legal capital.
B)Stock subscriptions.
C)Organization expenses.
D)Selling expenses.
E)Prepaid fees.

Question

Quizplus · Accepted Answer

The costs of bringing a corporation into existence are called organization expenses. These expenses includes legal fees, promoter fees, and amounts paid to obtain a charter. Minimum legal capital refers to the minimum amount of capital required by law to be invested in a corporation before it can start operating. Stock subscriptions refer to the amount paid by investors for shares of a company's stock. Selling expenses and prepaid fees are not related to bringing a corporation into existence.

The Costs of Bringing a Corporation into Existence,including Legal Fees,promoter