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Maas LLP developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiveness of irrigation. Sunny Dale paid a licensing fee of $24,000 for a copy of the software. Although Sunny Dale can use the software as long as it wants, Maas expects that Sunny Dale will use the software for approximately 5 Years. Maas does not anticipate any further interaction with Sunny Dale following transfer of license.
How much revenue should Maas recognize in the first year of the contract?
Calculate the Revenues for Simpson Co. for April and describe why cash receipt from customers can be different from revenues.
Find out how deferred taxes would be reported using IFRS at the time of your research. Explain why that approach might differ from the way British Airways reported deferred taxes at March 31, 2009.
You should critically evaluate current or recent developments in the chosen area, providing relevant industry examples where appropriate.
Would Collison's comments provide a justification for moves towards profit measures that incorporate ‘full costs' (considers the externalities of business)?
On the first day of the fiscal year, a company issues $80,000, 7%, seven-year instalment notes that have annual payments of $14,844. The first note payment consists of $5,600 of interest and $9,244 of principal repayment. Journalize the entry to reco..
Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. The new toy will sell for $3 per unit. Enough capacity exists in the co..
Transform financial statements from Barclays bank group limited, to an XBRL (GAAP or IFRS)instance Document. Provide a brief summary of the documentation as well as a reflection on the challenges you faced while transforming the financial statemen..
Use the Excel file to answer the following questions. You will need to create various pivot tables to get the necessary subtotals to answer the questions. How does each salesperson's performance vary by quarter? I noticed that the quarter and year au..
out of eden inc. is forecasting to invest in new manufacturing equipment to prepare a new garden tool. the new garden
Identify and explain any conflicts or potential conflicts of interest that the executive directors may have as a result of the proposed buyout offer by IceAge Ltd for the business of Plastix Ltd.
Determine the IRR for Blue Snow's snowboard project and determine the NPV for Blue Snow's snowboard project
The real estate is subject to a $1,700,000 mortgage and Nathan made taxable gifts in 2005 totaling $2 million at which time he claimed the maximum unified credit of $345,800 and paid gift tax of $435,000. Illustrate what is the amount of his estat..
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