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The general ledger of Banner corporation as of December 31, 2004 includes the following accounts: copy rights: $40,000 deposits with advertising agency (will be used to promote goodwill) 27,000 discount on bonds payable 67,500 excess of cost over fair value of identifiable net assets of acquired subsidiary 400,000 trademarks 90,000 In the preparation of Banner's balance sheet as of December 31, 2004, what should be reported as total intangible assets? a) $714,500 b)647,000 c) 530,000 d) none of the above
Compute CollegePak's break-even point in sales dollars for the year. Compute the number of sales units required to earn a net income of $180,000 during the year.
hillside issues 1500000 of 6 15-year bonds dated january 1 2013 that pay interest semiannually on june 30 and december
A research project related to research of the Professional of Conduct
listed below are the transactions that affected the shareholders equity of branch-rickie coporation during the period
However, income statements do not reveal every aspect of a company's performance. Identify and describe two limitations of income statements.
laxmi limited purchased a machine for rs.400000 on 1st july2005.depreciation is provided 10 p.a. on the diminishing
monterey corporation is considering the purchase of a machine costing 36000 with a 6-year useful life and no salvage
castleman holdings inc. had the following available-for-sale investment portfolio at january 1 2010. 1000 shares of
larned corporation recorded the following transactions for the just completed month. a. 72000 in raw materials were
James Welling, a 37 year old engineer has an appointment to meet you in about an hour. As you are reviewing his accounts, you notice that he is a fairly active trader. He seems to do pretty well with returns that outpace the averages-Prepare some ..
what does the consolidated statements of earnings-the income statement-tell you about a company? why is this statement
Matching principle because the cash was paid in 2010 and should be expensed in 2010. Matching principle because depreciation expense should be $8,000.
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