Yuki Corporation, which began business in 2019, incurred the following costs in 2019 in connection with organizing the corporation: Printing of stock certificates $ 5,000 Underwriters' commissions on sale of stock 100,000What portion of these costs qualifies as amortizable organizational expenditures? Group of answer choices $105,000 $100,000 $ 5,000 $0

The answer is: $0

Explanation:

Organizational expenditures are the initial costs incurred in creating an organization, for example:

Legal services Accounting services Fees paid for temporary directors and organizational meetings Registration fees

Organizational expenditures do not include the following:

Fees associated with the issuance and sale of corporate stocks (e. g. printing fees, broker commissions, related professional fees) Expenses in connection with the transfer of assets to the corporation Fees for issuing debt