Question

Profit prior to incorporation belongs to _______
    

 The company
    

 The vendor
    

 Both
    

 None

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Answer 1

Answer:

The vendor

Explanation:

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Answer 2

The vendor

• Profit prior to incorporation is the benefit acquired or, on the other hand, misfortune endured during the period previously fuse.
• It is a capital benefit and isn't lawfully accessible for appropriation as profit in light of the fact that an organization can't procure a benefit before it comes into presence. The benefit procured after joining is income benefit, which is accessible for profit.

• The time frame before incorporation and the period after incorporation is called as pre-incorporation and post-incorporation period.