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Barkley Corp. obtained a trade name in January 2009, incurring legal costs of $15,000. The company amortizes the trade name over 8 years. Barkley successfully defended its trade name in January 2010, incurring $4,900 in legal fees. At the beginning of 2011, based on new marketing research, Barkley determines that the fair value of the trade name is $12,000. Estimated total future cash flows from the trade name are $13,000 on January 4, 2011.
Instructions: Prepare the necessary journal entries for the years ending December 31, 2009, 2010, and 2011. Show all computations.
the following production data were taken from the records of the finishing department for june inventory in process 6-1
youve just secured a new client in your accounting practice the rawls repair corporation rrc a brand new small business
burgoon uses an economic order quantity model and has determined an optimal order size of 500 units. annual demand is
Prepare the appropriate journal entry to record the June purchases of shares under the employee share purchase plan.
during 2009 the ellis corporation had 370000 shares of 20 par common stock outstanding. on january 1 2009 2000 8
electronics unlimited uses activity-based costing to allocate all manufacturing conversion costs. electronics unlimited
Atlantic Video, a small video rental store in Philadelphia, is open 24 hours a day, and-due to its proximity to a major business school-experiences customers arriving around the clock. A recent analysis done by the store manager indicates that the..
frank and bob are equal members in soxy socks llc. when forming the llc frank contributed 50000 in cash and 50000 worth
Compute the static budget variances and the flexible-budget variances for variable and fixed costs for the systems consulting department for June 20X1.
why you believe it to be more informative to read about cash flows from customers or cash paid to suppliers than it is
thome company uses a flexible budget for manufacturing overhead based on direct labor hours. variable manufacturing
the bookkeeper for oglesby company asks you to prepare the following accrued adjusting entries at december 31.1.
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