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Problem - Impaired goodwill and amortization of patent - On April 1, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000. In addition, on December 31, it was estimated that goodwill of $6,000,000 was impaired.
a. Record the acquisition of patent.
b. Journalize the adjusting entry on December 31 for the amortization of the patent rights.
c. Journalize the adjusting entry on December 31 for the impaired goodwill.
Find What is the amount of the firm net working capital? Scare Train, Inc. has the balance sheet statement items: current liabilities of $756,618
Prepare any necessary adjusting entries at December 31, 2011. Adjusting entries are only recorded at year-end (round all calculations to the nearest dollar).
Your firm currently has taxable income of $80,900. How much additional tax will you owe if you increase your taxable income by $22,100?
Solve amount of accounts receivable in the balance sheet of Starlight Inc. before and after write-off of uncollectible accounts as at December 31, 2017.
Explain the role of inflation in cash flows. Focus specifically on the impact of inflation on the cash flows of a project investment.
What is the breakeven point in units? What is the breakeven point in dollars? How many units must Millett, Inc. sell to earn a profit after taxes of $2,000,000?
On the other hand, in the second economy, stock returns are independent. Explain in three hundred words, which economy you would choose to invest in?
Zeus Manufacturing purchased plant assets that cost $50,000 by paying $20,000 in cash and financing the balance by issuing a note payable to the seller. This transaction is disclosed on a statement of cash flows as follows:
Currently its book debt to equity ratio is 60%. The company an after tax market cost of debt of 10% and market cost of equity of 20%. What is WACC for company
What is the balance in the Unearned Revenue account on December 31? Each subscriber will receive an issue of the magazine for each of the next 12 months
Find What is its WACC? The firm uses the CAPM to estimate the cost of common stock, and it does not expect to issue any new shares (so no flotation costs).
In order to provide capital for new hotel construction in other locations, Prepare a separate journal entry to record the disposition of each of these assets.
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