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1. Nieland Industries had one patent recorded on its books as of January 1, 2010. This patent had a book value of $288,000 and a remaining useful life of 8 years. During 2010, Nieland incurred research and development costs of $96,000 and brought a patent infringement suit against a competitor. On December 1, 2010, 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 $85,000 to defend this patent. At what amount should patent(s) be reported on the December 31, 2010, balance sheet, assuming monthly amortization of patents?
finch corporation organized in 2009 had profits in 2009 and 2010. in 2011 the corporation has a loss from operations
Discuss the basic assumptions of CVP analysis and how we can use CVP analysis as mangers in making decisions.
rondello company is considering a capital investment of 152200 in additional productive facilities. the new machinery
the economic trend has been for mostly capitalist countries like the united states to move toward socialism. this
What are the advantages and disadvantages to FSC's decision to not use the BSC as a performance tool- i.e., linking it to the employee evaluation and reward system?
the diamond freight company has been offered a seven-year contract to haul munitions for the government. because this
How would you describe Blue Niles' cost structure?Is Blue Niles' cost of sales higher or lower than competitors with bricks and mortar jewelry store? "
cabrera construction applies overhead to its projects at a rate of 75 per direct labor hour. the companys washington
Mikor has an account payable of 7,700$ due to Smiley Inc. one of its suppliers. The amount was due to be paid on October 15, 2007. Use the horizontal model, or write the journal entry to show the effect of :
he bonds will be insured up to $17,000, so Jose doesn't want to invest more than that amount in bonds which will earn 4 1/2%. What will be the maximum amount of interest that Jose could learn?
Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA. In 2012, their AGI is $50,000. Harriet earned $46,000 and Harry earned $4,000. (Leave no cells blank - be certain to enter "0" wherever required. Om..
bard manufacturing uses a job order cost accounting system. during one month bard purchased 191000 of raw materials on
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