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Question: Intangible assets are non-monetary assets used in operations that benefit the entity over several accounting periods. Intangible assets can be either identifiable or unidentifiable. Identifiable assets are assets that are separate from goodwill and can be sold, rented, or exchanged. Examples of identifiable intangible assets include patents, trademarks and copyrights, motion picture films, mortgage, and permits. When a contractor is being vetted for a job, most people look at their past work and their credentials. To be a contractor, you would need licenses and permits to be approved by a company for a work order. Similarly, others would need to have a license or permit to sell food on the street, taco stands or food trucks. These are easy to obtain but there are regulations needed to maintain the license and there are yearly costs for these licenses and permits to stay up-to-date. This keeps food vendors honest with their quality of goods so that there are no health risks for the public.
"Employee Business Expenses" Please respond to the following: Explain applicable tax law regarding employee compensation and the criteria for deducting expenses
kelp company produces three joint products from seaweed. at the split-off point three basic products emerge sea tea sea
What are the substantive procedures you would perform to obtain evidence in relation to the existence of airplanes other than physically inspecting the airplane
BUSI 354 Assignment on Performance Measurement. Calculate the anticipated ROI for 2013 and 2014
The reserve ratio is the portion of reservable, Discuss on implications of the 7% reserve rate on Saudi economy, highlighting the advantages and disadvantages.
the cost accountant for the larsen manufacturing co. has provided you with the following information for the month of
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jackson and campbell have capital balances of 100000 and 300000 respectively. jackson devotes full time and campbell
The preferred stock is not cumulative but is fully participating, each common share should receive 2003 dividends of what amount
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In some cities around the world, housing market is regulated through rent control (price ceiling). Why would you choose a price ceiling or a subsidy? Explain.
Explain how the tax laws likely apply to this organization. Specifically: which activity of the organization is subject to UBIT? How is the activity taxed?
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