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1. In 2010, EZ-Learn Software developed a software package for assisting calculus instruction in business colleges, at a cost of $2,000,000. Although there are tens of thousands of calculus students in the market, college instructors seem to change their minds frequently on the use of teaching aids. Not one package has yet been ordered or delivered. Prepare an argument to advocate expensing the development cost in the current year. Offer an argument for capitalizing the development cost over its estimated useful life. Which stakeholders are harmed or benefited by either approach?
On the first day of the fiscal year, a company issues a $1,000,000, 7%, 5 year bond that pays semi-annual interest of $35,000., receiving cash of $884,171. Journalize the entry to record the issuance of the bonds.
Ari is painting blocks of wood for a project. Each block is 8 cm long, 4 cm wide, and 5 cm high. What is the surface area of each block?
lavender company has decided to use a predetermined rate to assign factory overhead to production. the following
discuss a few of the accounting scandals and congressional investigations over the years that eventually led to the
Which of the following types of firms should be most likely to use project- specific financing (as opposed to financing the portfolio of projects)?
on january 1 2011 grace company had an 13500 balance in the accounts receivable account and a zero balance in the
the surfs up issues 1000 shares of 6 100 par value preferred stock at the beginning of 2011. all remaining shares are
How exactly does international tax planning assist a US citizen avoid taxes? Discuss what you feel are the legal, ethical and fairness issues involved in doing this type of international tax planning.
what are some ways to separate mixed costs into their variable and fixed amounts? which method is the most accurate?
David Brooks was one of the most liked managers at the Financial Security Investments. In an industry known for its cutthroat competitiveness, high employee turnover, low loyalty, and high employee mobility, the 20 brokers who reported to Brooks h..
andover corporation has been using the fifo cost flow method during a prolonged period of inflation. during the same
The common shares have a market price of $22.50 per share on the grant date. Suppose Magnetic Optical expected a 10% forfeiture rate on the restricted shares prior to vesting Determine the total compensation cost.
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