Start-up and organization costs include all of the following except
A)goodwill.
B)cost of printing stock certificates.
C)attorney's fees.
D)state incorporation fees.

Question

Quizplus · Accepted Answer

Goodwill is not considered a start-up or organization cost. It is an intangible asset that represents the excess of the purchase price over the fair value of the net identifiable assets of a business acquired. Start-up and organization costs typically include direct costs associated with creating a company, such as legal fees, state incorporation fees, and costs related to issuing stock certificates.

Start-Up and Organization Costs Include All of the Following Except