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1.The Horstmeyer Corporation commenced operations early in 2013. A number of expenditures were made during 2013 that were debited to one account called intangible asset. A recap of the $644,000 balance in this account at the end of 2013 is as follows:
The total amount paid for the Stiltz Corp. stock was debited to this account. The fair values of Stiltz Corp.'s assets and liabilities on the date of the acquisition were as follows:
Receivables ............. $ 100,000Equipment ............. 350,000Patent ............... 150,000Total assets ............. 600,000Note payable assumed ........ (220,000)Fair value of net assets ........ $ 380,000Required:Prepare the necessary journal entries to clear the intangible asset account and to setup
income statements are presented in the table below for the elf corporation for the years ending december 31 2010 2009
Sears collected $57000 from the issuance of bonds with a face value of $50000. A portion of the cash receivable, $2000 was accrued interest. give the journal entry made on sears book to account the issuance of the bonds.
Do an Internet search to identify the types of games and business simulations that are available. Select one and provide a description and an analysis of it. Discuss the learning content objectives.
brad jolie recently decided to open a restaurant specializing in new orleans cuisine. he purchased a restaurant
general chemical company gcc manufactures two products as part of a joint process a1 and b1. joint costs up to the
doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on
An example of each type of service Who might request such a service? What standards apply to each service and who establishes those standards?
When the modified accrual basis of accounting is used, can be accrued before cash is received, and explain why the accrual can be made.
during 2012 robin wright tool company purchased a building site for its proposed research and development laboratory at
clopack company manufactures one product that goes through one processing department called mixing. all raw materials
1. an audit in accordance with the single audit act does not involve reporting upon a. compliance with provisions of
profitability ratios trading on the equity. digital relay has both preferred and common stock outstanding. the
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