Hi! I just want to know the proper accounting treatment for all pre-incorporation expenses paid by one corporation (one who finance) on behalf of one company newly incorporated. Before it was incorporated, it started operating, all of its employees salaries, property acquisitions and other business expenses are being paid by the other corporation (the financier).How i will record these? Considering those expenses are incurred before incorporation.Is it acceptable that there is loans payable upon incorporation? The financing corporation do not have any subscription of stocks upon incorporation of the new company.