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Nieland Industries had one patent recorded on its book as of January 1, 2014. This patent had a book value of $ 342,720 and a remaining useful life of 8 years. During 2014, Neiland incurrerd research and development cost of $ 105,520 and brought a patent infringement suit against a competitor. On December 1, 2014, Nieland received the good news that its patent was valid and that its competitor could not use the process Nieland had patented. The company incurred $ 100,300 to defend this patent.
At what amount should patent(s) be reported on the December 31, 2014, balance sheet, assuming monthly amortization of patents?
The liability policy was $63,000 for eighteen-months, and the crop damage policy was $24,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 2012?
Determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived in part b. d. Why are the percentage changes different?
The employee worked in Starbuck's Information Technology Department. RAD Services Inc. charged Starbucks as much as $429,800 for consulting services in a single week. For such a fraud to have taken place, certain control activities were likely no..
Using the data in the attached spreadsheet. Perform the accounting required for each of the following government fund transaction.
What could be the income before income taxes derived by Haden from the lease and show journal entries would be recorded by Sandy Company for all of 2004
The other sheet shows known shrinkages identified during the period. This sheet shows $3,250.00. Neither of these sheets has been journalized. Identify the unknown, and previously unidentified shrinkage value.
case study question 1read headline health rates as top social issue. would you expect management to worry about
Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations
Evaluate O'Brien Vineyards margin of safety percentage? Determine O'Brien Vineyards degree of operating leverage?
Calculate the operating income for the olive oil division using a transfer price of $4.60.
Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2014. The weighted average number of shares outstanding in 2014 was 60,000 shares. Ale Corporation's common stock is selling for $76 per share on the N..
For each of the independent situations identified above, consider and conclude whether the entity is a reporting entity and whether it is required by the Corporations Act 2001 to prepare general purpose financial statements.
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