All of the following items are expensed as start-up costs except Select one: a. one-time costs...

Question

Question

Answer 1

Answer #1

The answer is : Option a [ One-time costs for conducting business in a new territory ]

Explanation : All the other given options as expensed as start-up costs.

Answer 2

Answer #2

b. Licensing fee for starting a new franchise

source: AICPA text

answered by: Eddie

Answer 3

Similar Homework Help Questions

RE12-4 LO 12.2 he following start-up costs, all paid in cash: Hook Corp. incurred the following...

RE12-4 LO 12.2 he following start-up costs, all paid in cash: Hook Corp. incurred the following start-up CODES Legal fees $75,000 Accounting fees 35,000 Promotional fees 15,000 Staff training fees 13,000 OOK : Journal entry to record the start-un costs, all paid in cash.
Which of the following is untrue about start-up costs? a) The costs must be incurred in...

Which of the following is untrue about start-up costs? a) The costs must be incurred in the same line of business you are already in b) Amounts not expensed immediately are amortized over 15 years c) The first $5,000 is potentially deductible in the year business begins. d) The costs are not deductible if you do not actually start the business.
1) All of the following are cooperative aspects of strategic alliances, EXCEPT ____. Select one: a....

1) All of the following are cooperative aspects of strategic alliances, EXCEPT ____. Select one: a. creating economies of scale in tangible assets b. forming upstream-downstream divisions of labor c. limiting investment risks through shared resources d. learning new intangible skills from alliance partners 2) According to Berdrow and Lane, the process of transformation can be defined as ____. Select one: a. managing the flow of transformed and newly created knowledge from the IJV back to the parents b. managing...

7 A public corporation's decision to globalize impacts all of following except: ered Select one: a....

7 A public corporation's decision to globalize impacts all of following except: ered Select one: a. Production processes. O b. Who owns stock in the company O c. Internal procedures. O d. Accounting outputs. f 1 stion
Q- A partnership incurred $6,000 of organizational costs and $52.000 of start-up costs in its first...

Q- A partnership incurred $6,000 of organizational costs and $52.000 of start-up costs in its first year. It began conducting business on October 1st of its first year. Which of the following are true? a- The partnership can immediately deduct all $6.000 of its organizational costs. b- The partnership can immediately deduct $5,000 of its organizational costs and amortize the residue over 180 months beginning in October of the first year. c- The partnership can immediately deduct $5,000 of its...
All of the following are qualities of Circular Business Models EXCEPT: Select one: a. Have experienced...

All of the following are qualities of Circular Business Models EXCEPT: Select one: a. Have experienced rapid growth fueled by the emergence of new technologies. b. Reduce their environmental footprint by using already existing materials as inputs. C. Are a means to generate more revenue from the same customer base using CRM. d. Serve to reduce the extraction and use of natural resources and generation of waste.

Economics defines the “long run” as a time period where a. all but one input are...

Economics defines the “long run” as a time period where a. all but one input are variable. b. all inputs are fixed. c. output is variable. d. all inputs are variable. . Jim decides to start a business manufacturing toothpaste. Which of the following would be an economic cost of the undertaking, but not an accounting cost? a. $100,000 of Jim's own money that he invests to start up the business. b. The wages Jim pays to his staff of...
All of the following are stages of design thinking EXCEPT: Select one: a. Capturing. b. Ideating....

All of the following are stages of design thinking EXCEPT: Select one: a. Capturing. b. Ideating. c. Prototyping. d. Empathizing. e. Defining. 2. What is the Key to Disruptive Innovation? Select one: a. Changing the look and feel. b. Adding new features to your product. c. Focusing on more profitable customers. d. Focusing on Solutions rather than products.
All of the following, except one, are methods by which society can integrate external costs into...

All of the following, except one, are methods by which society can integrate external costs into the market process. Which is the exception? Select one: A. By taxing producers. B. By subsidizing buyers. C. Through legislative controls. D. Cap and trade

All of the following are types of taxable income except Select one o a. rental income....

All of the following are types of taxable income except Select one o a. rental income. o b. life insurance benefits. c. government benefits d. the use of a company car.