Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
CA12-3 (Accounting for Patents) On June 30, 2010, your client, Ferry Company, was granted two patents covering plastic cartons that it had been producing and marketing profitably for the past 3 years. One patent covers the manufacturing process, and the other covers the related products. Ferry executives tell you that these patents represent the most significant breakthrough in the industry in the past 30 years. The products have been marketed under the registered trademarks Evertight, Duratainer, and Sealrite. Licenses under the patents have already been granted by your client to other manufacturers in the United States and abroad and are producing substantial royalties. On July 1, Ferry commenced patent infringement actions against several companies whose names you recognize as those of substantial and prominent competitors. Ferry's management is optimistic that these suits will result in a permanent injunction against the manufacture and sale of the infringing products as well as collection of damages for loss of profits caused by the alleged infringement. The financial vice-president has suggested that the patents be recorded at the discounted value of expected net royalty receipts. Instructions (a). What is the meaning of “discounted value of expected net receipts”? Explain.
(b). How would such a value be calculated for net royalty receipts?
(c). What basis of valuation for Ferry's patents would be generally accepted in accounting? Give supporting reasons for this basis.
If your boss asked you to find the reason for a substantial increase in losses due to uncollectible accounts, illustrate what policies and procedures would you investigate? What suggestions to reduce bad debts would you recommend? Explain your ans..
This cost remains constant overall volume levels within the productive capacity for the planning period. This cost is combined amount of all the other costs.
Elucidate the evidence provided by Apollo Shoes. Decide how to structure the audit report for the provided evidence. Compose an audit report reflecting the appropriate length, sections, and content for the provided information.
Perform an audit for Rodriguez & Co. after the client's year-end. Due to time limitations
Describe what valuation method you believe companies should use to value pension assets – Market-Rated Value or Fair Value. State at least three reasons for your position.
types of cost information need to be reported to support different managerial purposes and decisions. What types of cost information are reported to support managerial purposes and decisions?
Prepare a memo from Ringle to the head of the information systems department, Sandy Klaus. In this memo, provide some suggestions for including the accounting personnel in the systems development project. Give some very persuasive arguments why ..
Evaluate what was the net income of the Financial Brokers Partnership for 2008
Prepare a seven - year forecast of net operating income for the Sated Satyr Apartments
Calculate the following ratios at December 31 2008 acid-test ratio and rate of return on total assets
Jesse has come to you for advice so provide him with professional memo on the issue, based on the IRC. Use proper tax language and IRAC form - issues, analysis conclusion, rules.
Journalize the April transactions using a periodic system and At the beginning of the current season on April 1, the ledger of Four Oaks Pro Shop showed Cash $2,500; Merchandise Inventory $3,500; and Common Stock $6,000.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd