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The project is completed in 2012, and a successful patent is obtained. The R&D costs to complete the project are 131270. The administrative and legal expenses incurred in obtaining patent number 472-1001-84 in 2012 total 24600. The patent has an expected useful life of 5 years. Record these costs in journal entry form. Also, record patent amortization (full year) in 2012
Prepare a fixed budget income statement for the planned level of sales and production. Prepare a fixed budget income statement for the actual level of sales and production.
They had a 5% stated rate of interest that was payable in cash on January 1 of each year beginning January 1, 2010. Based on this information alone, the amount of total liabilities appearing on the December 31, 2009 balance sheet would be:
whims card company purchases inventory from china and incurs the following costs the cost of the merchandise is 50000
gore manufacturing incurred the following costs during the year direct materials 22 per unit direct labor 14 per unit
At the end of your accounting cycle, you have $500,000 in customer deposits. How do you state and properly account for this activity in your financial statements?
Prepare an interpretative write up of your financial analysis, explaining trends and items of concern for the directors of FedEx. For each ratio, you should define the ratio, inform the directors about the change in the ratio from one year to the ..
you are the accountant in charge of comparing financial statements prepared by companies in china japan and mexico to
Calculate the number of fresh shares issued and the amount transferred to capital redemption reserve account.
Indicate increase (+), decrease (-), or no effect (NE). Make sure your answer is CLEAR in terms of all items below (1-13) and that you make an entry for EACH column (Net Income, Cash From Operations, and Cash Position).
suppose there is a well-financed one-year-old company in biotech industry that is concentrating on developing
The Partnership of D, E, and F has the following account balances just prior to the liquidation of the partnership: Cash, $90,000; Noncash Assets, $570,000; Liabilities, $300,000: D, Capital, $120,000; E, Capital, $180,000; and F, Capital, $60,000..
How many of each type of scooter must Speedy's Scooters sell each month to break even and calculating breakeven point for two products
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