Compute the total amount to be reported by larkspur

Assignment Help Financial Management
Reference no: EM132406724

Question

Joni Larkspur Inc. has the following amounts reported in its general ledger at the end of the current year.

Organization costs $22,100 Trademarks 12,300 Discount on bonds payable 35,100 Deposits with advertising agency for ads to promote goodwill of company 10,100 Excess of cost over fair value of net identifiable assets of acquired subsidiary 75,100 Cost of equipment acquired for research and development projects; the equipment has an alternative future use85,100Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 79,200

On the basis of this information, compute the total amount to be reported by Larkspur for intangible assets on its balance sheet at year-end.

Reference no: EM132406724

Questions Cloud

What is a disaster recovery plan : A crucial aspect of an organisation's control system is its ability to recover from any accidents or disasters that may occur and to minimise the damage.
How would you create a journal entry to record impairment : The Johnson Division's net assets, including the goodwill, have a carrying amount of $650,000. The fair value of the division is estimated to be $620,000.
Calculate confidence intervals for quantitative variable : Calculate confidence intervals for the quantitative variables in the Heart Rate Dataset - calculate the margin of error given as the "confidence interval".
What is the efficient market hypothesis in capital market : What is the efficient market hypothesis in capital market research and what are the assumptions about efficiency that are typically adopted in capital markets.
Compute the total amount to be reported by larkspur : On the basis of this information, compute the total amount to be reported by Larkspur for intangible assets on its balance sheet at year-end.
Compute depreciation under the straight-line : Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years'-digits, and double-declining-balance methods.
What before-tax amount should mercedes report as loss : What before-tax amount should Mercedes report as loss on discontinued operations in its 2018 income statement?
Determine the two limits to market value that should be used : Determine The two limits to market value that should be used in the lower-of-cost-or-market computation for skis and The cost amount that should be used.
ACF315 International Financial Management Assignment : ACF315 International Financial Management Assignment Help and Solution, University of Plymouth - Assessment Writing Service - What is the initial value

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the change in net working capital

Calculate the change in net working capital (NWC) in 2016.

  Calculate the stock coefficient of variation

Calculate the stock's expected return. Calculate the stock's coefficient of variation.

  Expected to pay per share five years into the future

what price would an investor be expected to pay per share five years into the future?

  Calculate the current elasticity of the straddle

Calculate the current elasticity of the straddle.

  What is the standard deviation of the returns on portfolio

what is the standard deviation of the returns on a portfolio that is invested 35 percent in both Stocks A and C, and 30 percent in Stock B?

  Value particular stock that is expected to pay the dividend

John is looking to value a particular stock that is expected to pay the dividend of $1.80 at the end of each year for at least the next few years.

  What is the after-tax cost of debt

Tiny Tots has debt outstanding, currently selling for $860 per bond. What is the after-tax cost of debt?

  According to the security market line

According to the security market line, Asset A's required rate of return is 4.77%. You calculate the expected return of Asset A as 5.4%.

  Governance professional working for venture capital fund

Assume you are a corporate governance professional working for a venture capital fund.

  Advertisement from newspaper or magazine for product

Choose an advertisement from a newspaper or magazine for a product or service about which you have some interest. The ad probably does not have sufficient space to provide all information you need to make an intelligent purchase decision. Write to th..

  Calculate the net payouts for covered call strategy

Calculate the net payouts for a covered call strategy for each different scenario.

  Principal of both loans would be payable at maturity

The principal of both loans would be payable at maturity as a single sum. Based on this information, Fort Collins Corp. should use the UNC Finance Co. loan.

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd