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Question - Black Inc. incurred P816,000 of research and development costs in its laboratory to develop a product and have it patented. The patent was granted on January 02, 2020. Costs of PI 52,000 were incurred in the registration of the patent. The estimated economic life of the patent is 8. What amount should the company charge to patent amortization expense for the year ended December 31, 2020?
Hornet Corporation has a loan agreement that provides it with cash today, Hornet agrees to pay 10% interest. What is the amount of cash that Hornet receives
If given the chance to practice your profession as a regular employee, Which between the two forms of business organization will you prefer? Why?
Prepare the journal entries to record these transactions on the books of Pharoah Company using a perpetual inventory system
For each scenario calculate the gross margin percent, the inventory turnover, and GMROI. Round your answers to one decimal place
he Watertown Bank lent Sandy's Pastry Store $40,000 on a sixty day, 7% note dated June 10th. Determine the maturity value of the note
Complete the company's manufacturing overhead budget for the upcoming fiscal year
assume green leaf nursery anticipated sales of 500 in the first quarter. accounts receivable at the beginning of the
Receivables estimated to be uncollectible, December 31, P8,000. How much is the cash account balance as of December 31, 2014
Prepare the four journal entries to record the effective interest rate for year 2013 and 2014 also the payment interest
Prepare journals entries for the bond issue, payment of semi-annual interest, year-end adjusting entry, the retirement of the bonds
anthony company sold madison company merchandise on account fob shipping point 210 net 30 for 20000. anthony prepaid
Jumonville Company produces a single product. What would be the minimum acceptable price per unit for the special order
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