Question: Kling Company was organized in late 2010 and began operations

Kling Company was organized in late 2010 and began operations on January 2, 2011. Prior to the start of operations, it incurred the following costs:
Costs of hiring new employees .................... $ 3,000
Attorney’s fees in connection with the organization of the company ..... 12,000
Improvements to leased offices prior to occupancy (10-year lease) ..... 6,000
Costs of pre-opening advertising ...................... 5,000

Required
What amount should the company expense in 2010? In 2011?



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  • CreatedDecember 09, 2013
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