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Questions -
Q1. On June 30, 2018, Oriole, Inc. exchanged 5100 shares of Seely Corp. $30 par value common stock for a patent owned by Gore Co. The Seely stock was acquired in 2018 at a cost of $156000. At the exchange date, Seely common stock had a fair value of $39 per share, and the patent had a net carrying value of $301000 on Gore's books. Oriole should record the patent at
$301000.
$198900.
$156000.
$153000.
Q2. The general ledger of Crane Corporation as of December 31, 2018, includes the following accounts:
Copyrights $ 61000
Deposits with advertising agency (will be used to promote goodwill) 38000
Discount on bonds payable 81000
Excess of cost over fair value of identifiable net assets of Acquired subsidiary 590000
Trademarks 66000
In the preparation of Crane's balance sheet as of December 31, 2018, what should be reported as total intangible assets?
$694000.
$656000.
$717000.
$755000.
Describe some of the issues with not having an industry-wide standard price for a medicine. Should not-for-profit organizations be held accountable for medicine valuations? Why or why not?
Calculate the ratio of each budgeted costs-of-quality category (prevention, appraisal, internal failure, and external failure) to budgeted revenues for 2017.
a companys data is presented below. desired ending inventory is a consistent percentage of the next quarters sales and
What is the appropriate weight of debt, What is the appropriate weight of common equity
The 15-year, $1,000 par value bonds of Waco Industries pay 7 percent interest annually. Determine the value of the bond to you given the market's required
jurvin enterprises recorded the following transactions for the just completed month. the company had no beginning
The yield to maturity on the company's outstanding bonds is 9 percent, and the company's tax rate is 40 percent. Percy's CFO has calculated the company's WACC as 9.96 percent. What is the company's cost of common equity?
question 1. tco a platypus building inc. won a bid for a new office building contract. below is info from the project
From the following list, identify whether the change in the account balance during the year would be reported as an operating (O), an investing (I), or a financing (F) activity or not sepa- rately reported on the statement of cash flows (N). Assum..
shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term
Prepare the journal entries to record pension expense and funding of plan assets for the year. Prepare the journal entry/ies to record any gains or losses for the year. Complete the pension spreadsheet for Sparky Corporation.
During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock
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