Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Reichenbach Co., organized in 2011, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2012 and 2013.
Intangible Assets
01-Jul-12
8-year franchise; expiration date 6/30/19
51,840
01-Oct-12
Advance payment on laboratory space (2-year lease)
$26,080
31-Dec-12
Net loss for 2011 including state incorporation fee,
1,960,
and related legal fees of organizing, $4,620 (all fees
incurred in 2011)
16,030
02-Jan-13
Patent purchased (10-year life)
84,280
01-Mar-13
Cost of developing a secret formula (indefinite life)
79,370
01-Apr-13
Goodwill purchased (indefinite life)
275,060
01-Jun-13
Legal fee for successful defense of patent
22,885
01-Sep-13
Research and development costs
153,900
Prepare the necessary entries to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles. Make the entries as of December 31, 2013, recording any necessary amortization and reflecting all balances accurately as of that date.
The exercise price on one of Nice Co’s call options is $20, its exercise value is $31, and its premium is $7. Illustrate what are the option’s market value and the stock’s current price?
annandale inc sells and produce wireless reading devices. a competitor danube electronic products sells similar
effects of lifo and fifo methods of inventory system on ending inventory.company a and company b sell the same product.
problem 1. we can evaluate the target wacc for apex printing given these assumptionsbullweights of 40 debt and 60
preparation of journal entries to record issue of shares and dividend.on january 1 2008 dolan corporation had 60000
Illustrate what is the price of this stock today given a required return of 12 percent? Your tax rate is 31 percent and your required return on this project is 11 percent. What bid price per stamp should you submit?
Preparation of cash budget for a month - Prepare a basic cash budget for the month of January
The equipment had a cost of $224,000 and accumulated depreciation of $44,800 as of October 17. Explain how do you journalize this?
Prepare the correcting entry necessary when these errors are discovered. Assume that the books for 2011 are closed. (Ignore income tax considerations.) (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
multiple choice questions-amortization and valuation of intangibles.1.nbspwriglee inc. went to court this year and
Explain why consolidated financial statements become increasingly important when the purchase differential is very large. Illustrate w hat is the term differential used to indicate?
pre-contribution balance sheets and fair valuesjune 30 20x9in thousands of
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd