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1. Which of the following are not organizational costs incurred to organize a new partnership?
a)Costs incurred in investigating the acquisition of a new business.
b)Accounting and legal fees incurred in starting up the business.
c)Costs incurred for creating a new business
d)Filing fees & fees for preparing regulatory documents
2.
Which of the following are costs incurred to start-up a new partnership?
a.Pre-business advertising
b.Setting up accounting system
c.Salaries paid to managers to establish partnerships business
d.Costs for marketing and selling the partnerships ownership interests
e.A, B, and C are costs to start-up a new partnership
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