Reference no: EM132958153

Questions -

Q1. A company incurs $6,000 in research costs, $21,000 in personnel costs, and $4,000 in technology costs in an effort to "internally" develop a customer list. How much should be recorded to research and development expenses?

Q2. A company has 140,000 shares of common stock and 80,000 shares of preferred stock outstanding for the entire year. If the company has net income of $762,000, dividends on common stock of $32,000, and dividends on preferred stock of $17,000 during the year, what is the company's earnings per share?

Q3. A company invests $23,900 each year starting today. If a 5% rate is used, how much will have accumulated after 8 years?

Q4. A company purchases a trademark by signing a $86,100, 6-year, 4% note. What journal entry should be recorded for this transaction?

Q5. A company is constructing a building that qualifies for interest capitalization. The company has a weighted-average of expenditures of $586,288 and the following debt outstanding throughout the year: A $240,000, 10% construction-specific notes payable; A $170,000, 6% generic notes payable; and A $430,000, 8% generic bonds payable. Based on these facts, what should be the amount of interest to capitalize?

Q6. A company has a $467,000 beginning balance in stockholders' equity. During the period, the company has $19,000 of common stock issued, $61,000 of net income, and a $7,000 correction for understated expenses in the prior year (net of tax). What will be this company's ending balance in stockholders' equity?