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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.
questionjohnson corporation purchased overall of the outstanding common stock of smith corporation for 11000000 in
Sue Smiley has performed $500 of CPA services for a client but has not billed the client as of the end of the accounting period. what adjusting entry must Sue make?
Provide the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for ..
When a person has an absolute advantage in producing a good, the person necessarily has a lower opportunity cost of producing it." Is this assertion true or false? Explain your answer.
When an indirect ownership is present, why is a specific ordering necessary for determining the incomes of the component corporations?
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Use the assumptions and data in the attached excel sheet. (there are two tabs)
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Evaluate the following for Les Fleurs during 20X2 Net sales revenue, Cost of goods sold and Gross profit
multiple choice questions on cost management basics.1. the book value of an old machine is always considered a sunk
What specific items does Intel discuss in its Note 1-Summary of Significant Accounting Policies and for what segments did Intel report segmented information? Which segment is the largest? Who is Intel's largest customer?
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