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    AniaJC's Avatar
    AniaJC Posts: 4, Reputation: 1
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    #1

    Jul 21, 2009, 10:11 AM
    Legal fees when issuing stock
    What are the legal fees and underwriter's fees for existing corporation issuing stock usually accounted for?
    Thank you.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 21, 2009, 02:46 PM

    Direct costs should go against what was received for the stock. Generally you would debit the Additional Paid-In Capital account.
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