Which of the following are amortizable organizational expenditures? Group of answer choices Professional fees to issue the corporation's stock Commissions paid by the corporation to underwriters for stock issue Printing costs to issue the corporation's stock Expenses of temporary directors meetings

The answers are:

Professional fees to issue the corporation's stock Commissions paid by the corporation to underwriters for stock issue Printing costs to issue the corporation's stock

Explanation:

Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.

After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.