At the beginning of 2014, Salinas Company incurred the following start-up and organization costs: (1) attorneys fees

Question:

At the beginning of 2014, Salinas Company incurred the following start-up and organization costs: (1) attorneys’ fees with a market value of $10,000, paid with 6,000 shares of $1 common stock, and (2) incorporation fees of $6,000 cash. Calculate total start-up and organization costs.
What will be the effect of these costs on the income statement and balance sheet?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...