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Barkley Corp. obtained a trade name in January 2011, incurring legal costs of $30,000. The company amortizes the trade name over 8 years. Barkley successfully defended its trade name in January 2012, incurring $9,800 in legal fees. At the beginning of 2013, based on new marketing research, Barkley determines that the fair value of the trade name is $24,000. Estimated total future cash flows from the trade name are $26,000 on January 4, 2013.
If you were to accept the dealer’s offer, what would be the effective rate of interest per month the dealer charges on your financing?
if your company is determined to be liable, the amount sued for may or may not be reasonable. The question is then, illustrate what information should you include in your annual report and why?
Quick Fix Services, Inc. is trying to establish the standard labor cost of a typical oil change.The following data have been collected from time and motion studies conducted over the past month. Find out the standard direct labor hours per oil ch..
The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data: Illustrate w hat would be the best equation using the high-low method?
For a monthly volume of 300 tables, determine the total cost, total revenue, and profit and calculate the monthly break-even volume for the Willow Furniture Company.
David paid commissions of $2,000. How much gain or loss did David have on the sale in 2009?
Concept of Double entry system and it application - Describe how the double-entry system is applied in accounting for the following transaction
Assume that Aaron’s other itemized deductions in 2011 were $6,300 and that he filed as a head of household. Explain how much of the $1,300 reimbursement must he include in gross income in 2012?
The Inouyes filed jointly in 2011. They reported $16,000 of itemized deductions and they have two children, one of whom qualifies as their dependent. What is total amount of from AGI deductions they are allowed to claim on their 2011 tax return?
Is it ethical to choose a transfer price for tax purposes that is different from the transfer price used to evaluate a business unit's performance?
During March, Doe corp. incurred $65,000 of direct labor costs and $9,000 of indirect labor costs. The journal entry to record accrual of these wages would comprise either a debit or credit to work in process of what amount?
Aberdeen Corp. uses activity-based costing system with three activity cost pools. The following cost information is provided: How much total cost would be allocated to the Assembly activity cost pool?
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