These are things I've read and heard, but you can never be 100% sure that the sources are right., if the source isn't Michael himself. An example: Jermaine said MJ's favourite colors were gold and red, Taraborrelli said in his book that it was yellow, so who are you going to believe...
GAAP, however, generally requires that these costs be expensed when incurred because it is difficult determine their future benefits and relation to future revenues (the matching principle). Unless there are large amounts of organizational expenses, they are usually expensed for GAAP and financial reporting purposes.
Section 7. Upon the dissolution of World Ice Carving Exhibitors Association, Inc the disposition of net proceeds from charitable gaming conducted under AS 05.15, must go to a charitable organization as defined at AS 05.15.690 or another organization that is authorized to conduct an activity under AS 05.15.