What account should be debited when stock issuance costs are associated with the initial issuance of stock at incorporation?
A) Organization Expense
B) Additional Paid-in Capital
C) Organization Costs
D) Common stock

Question

Quizplus · Accepted Answer

Organization Expense is debited when stock issuance costs are associated with the initial issuance of stock at incorporation.

What Account Should Be Debited When Stock Issuance Costs Are