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Question - GP LLC had 200 million USD of capitalised development expenditure at cost brought forward at January 1, 2016 in respect of products currently in production and a new project began on the same date.
The research stage of the new project lasted until April 31, 2016 and incurred 100 million USD of costs. From that date, the project incurred development costs of 2 million USD per month. On August 1, 2016 the directors became confident that the project would be successful and yield a profit well in excess of costs. The project was still in development at December 31, 2016. Capitalised development expenditure is amortised at 12% per annum using the reducing-balance method.
Required - What amount will be charged to profit or loss for the year ended December 31, 2016 in respect of research and development costs?
Explain why corporations invest in stocks and debt securities. Describe how debt and stock investments are reported in financial statements
What kind of financial product can businesses use to manage currency risk? What is this form of risk management called?
If all of the ice stored in Antarctica and Greenland were to melt due to global warming, the World's oceans would rise by approximately 100m (330 ft.). Take a look at a relief map of the globe and briefly describe some of the major consequences..
Prepare flexible budget analysis with 5 valued columns of Base (Plan or Budget). What is the Breakeven # of units for the Base show computations.
You started a new business one year ago. You've been very busy dealing with so many problems that you haven't had time to sit down and look at whether you made a profit or not.
the melano corporation was authorized to issue 1000000 shares of 1 par common stock and 100000 shares of 100 par 10
Using an Internet search engine, search for the phrase biometric time clock (be sure to include the quotation marks). Based on your search results, describe a biometric time recording system and its advantages.
the contribution format income statement for strickland inc. for its most recent period is given below
Problem #1 Using the Balance Sheets and Income Statements on page 2 and 3 of this document, calculate the following ratios for 2015 & 2014:
Palm uses a "time ticket" for some employees. What is the difference between a clock card and a time ticket?
Briefly describe any other steps GYI would take to appropriately report the situation.
Prepare a presentation for the next manager's meeting about the balanced scorecard and how EEC might adopt it.Who is responsible for establishing performance
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