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Capriati corporation commenced operations in early 2010

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1. Capriati Corporation commenced operations in early 2010. The corporation incurred $60,000 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation. Prepare journal entries to record the $60,000 expenditure and 2010 amortization, if any. 

Reference no: EM131114498

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