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On January 1, 2011, Charlie Corporation acquired all of the net assets of Rocky Corporation for $2,000,000. The following intangible assets are included in the purchase agreement:
Goodwill and going concern value $105,000
Licenses 45,000
Patents 60,000
Covenant not to compete for five years 120,000
What is the total amount of amortization allowed in 2011?
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to buy houses?
Prepare a Depreciation Expense-Stores Equipment Account and an Accumulated Depreciation-Stores Equipment Account.
Write Company has a maximum capacity of 200,000 units per year. Variable manufacturing costs are $12 per unit. Fixed overhead is $600,000 per year. Variable selling and administrative costs are $5 per unit, and fixed selling and administrative cos..
colerain corporation is a merchandising company that is preparing a profit plan for the third quarter of the calendar
abc hardware store is open for business 350 days a year. annual demand for a power cutter at this store is 700 units.
the equipment that was bought had a fair market value of 450000 but the actual purchase price was 400000. they signed a
Quinn paid $300,000 in preferred stock dividends in 2010, and reported net income of $5,100,000 for the year. Quinn's diluted earnings per share for 2010 should be:
arrow industries employs a standard cost system in which direct materials inventory is carried at standard cost. arrow
the balance sheet that follows indicates the capital structure for nealon inc. flotation costs are a 15 percent of
Jackson Company reports the following information for the year ended December 31, 2013.
the alphonse company allocates fixed overhead costs by machine hours and variable overhead costs by direct labor hours.
During this past year Pat's collected $42,000 in tailoring fees, and paid $14,000 in expenses. Depreciation expense totaled $2,000. Accounts receivable increased $1,500, supplies increased $4,000, and accrued liabilities increased $2,500. Pat's ac..
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