Profit prior to incorporation may be utilized to ____ ___ ____?

all of answer

A is the correct answer

a

A

option A

Opt A

Option number

A

Answer option (A) >>>>>> " write off goodwill " (feel sorry for the spelling mistake in the question>>>thank you)

Company can use profit prior to incorporation for the following purposes.

1. To write off the capital losses and expenditure.

2. To write off goodwill account.