Barkley corp obtained a trade name in january 2011

Assignment Help Financial Accounting

Reference no: EM13379552

Barkley Corp. obtained a trade name in January 2011, incurring legal costs of $30,000. The company amortizes the trade name over 8 years. Barkley successfully defended its trade name in January 2012, incurring $9,800 in legal fees. At the beginning of 2013, based on new marketing research, Barkley determines that the fair value of the trade name is $24,000. Estimated total future cash flows from the trade name are $26,000 on January 4, 2013.

Reference no: EM13379552

Questions Cloud

Pacific airlines has three service departments ticketing : pacific airlines has three service departments ticketing baggage handling and aircraft maintenance. costs of these

Skyline corp began operations on jan 1 2010 skylines : skyline corp began operations on jan 1 2010. skylines budgeted jan 10 feb 10 and mar 10 sales are 1000000 1200000 and

Kenny hampton is an accountant for bartley company early : kenny hampton is an accountant for bartley company. early this year kenny made a highly favorable projection of sales

Barkley corp obtained a trade name in january 2011 : barkley corp. obtained a trade name in january 2011 incurring legal costs of 30000. the company amortizes the trade

Retained earnings january 1 201150000advertising : retained earnings january 1 201150000advertising expense1800dividends during 20115200rent expense10400service

Frieden companys contribution format income statement for : frieden companys contribution format income statement for the most recent month is given belowsales 40000 units . . . .

Browns grocery storetrial balance as at 30 september : browns grocery storetrial balance as at 30 september 2012drcrpound000pound000acc depreciation of building80acc.

John biggs and patty jorgenson are both cost accounting : john biggs and patty jorgenson are both cost accounting managers for a manufacturing division. during lunch yesterday

Reviews

Write a Review

Required(*) Message

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Financial Statement Analysis and Preparation

Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

Computation of free cash flow

Computation of Free Cash Flow

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages