Journal entry to record the start-up costs

Assignment Help Accounting Basics
Reference no: EM13866002

Hook Corp. incurred the following start-up costs:
Legal fees ........... 75,000Accounting fees .......... 35,000Promotional fees ......... 15,000Staff training fees ....... 13,000Prepare Hook's journal entry to record the start-up costs.

Reference no: EM13866002

Questions Cloud

Conduct an in-depth swot analysis of this particular product : Students are required to visit a publicly traded retail establishment (e.g., Home Depot, Bed Bath & Beyond) and begin gathering specific data to conduct an in-depth product analysis. Conduct an in-depth SWOT analysis of this particular product
Evaluation and initial planning checklist : Evaluation and Initial Planning Checklist
Create the necessary pore spaces : You are asked to create soil that would be considered very fertile.  What would you include in your "recipe?"  How would you create the necessary pore spaces?  What is usually found in the pore spaces in nature?  Is fertile soil renewable or non-rene..
Do you have any whistle-blowing obligations in this matter? : IG are supposed to detect and prevent waste, fraud and abuse and thereby build trust in government. What would you do if you were Yimei and were told by Kwami to drop the matter because the chief operating officer of FO is the sister of the IG? Do yo..
Journal entry to record the start-up costs : Hook Corp. incurred the following start-up costs:
Which type of adaption is most likely to occur evolutionary : Which type of adaption is most likely to occur evolutionary time?
What is genetic drift in terms of natural selection : What is genetic drift in terms of natural selection and evolution
What is the role of the unselected marker : During transductiom, what is the role of the unselected marker?
Determine the resultant couple moment vector : A structure is fixed to a surface at point O and supports 300 and 400 N couples as shown. Determine the resultant couple moment vector, using both scalar and vector approaches (solve twice).

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the amount of gain recognized by rosa, arvid

Rosa owns 30% of Pine Corporation's stock (basis of $50,000), and the other 70% was recently purchased by Arvid (basis of $620,000). Pine enters into a reorganization with Lodgepole Corporation.

  Complete the first three rows of an amortization table

Complete the first three rows of an amortization table. (Hint: UseIllustration 9-14, except the dates for the first three rows will be 1/1/12, 12/31/12, and 12/31/13 since interest is payable annually rather than semiannually. Interest expense for..

  Percentage of completion method

How much gross profit is recognized using percentage of completion method in 2012 and 2013

  Widener company understated its inventory by 10000 at

widener company understated its inventory by 10000 at december 31 2010. it did not correct the error in 2010 or 2011.

  Jameson company uses a predetermined overhead rate based on

jameson company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs.

  On january 2 2015 prentice co bought a trademark from royce

on january 2 2015 prentice co. bought a trademark from royce inc. for 320000. its unamortized cost on royces books was

  What is the highest price in terms of a rate per hour that

the montrose toy company manufactures a line of dolls and a doll dress sewing kit. demand for the dolls is increasing

  Determine depreciable cost and straight-line rate

estimated useful life of 10 years. Determine the depreciable cost, the straight-line rate, and the annual straight-line depreciation.

  Assumed for legitimate business purposes

Anna transferred land with an adjusted basis to her of $20,000 and a fair market value of $56,000 to Elm Corporation in exchange for 100% of Elm Corporation’s only class of stock. The land was subject to a liability of $26,000, which Elm assumed for ..

  Define distributions to owners and provide examples of

statements of financial accounting concepts set forth financial accounting and reporting objectives and fundamentals

  Oscarson midwiferyu2019s cost formula for its wages and

oscarson midwiferyu2019s cost formula for its wages and salaries is 2720 per month plus 351 per birth. for the month of

  Who is general mills auditor

Who is General Mills auditor? On what date did the auditor completeits audit work?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd