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On, January 1, 2009, Lame Corporation applied for a patent, incurring legal costs of $50,000. In January 2010, Lame incurred $9,000 of legal fees in a successful defense of its patent. Compute the carrying value of the patent on December 31, 2010 if the company amortizes the patent over 10 years.
Describe the tolerable exception rate and how you would use this as an auditor. Explain how you would determine the rate you select.
at your first job after graduation you start working for a local cpa firm. the firms partner mentions that partnerships
What is his medical expense deduction
balance sheet and income statement data indicate the following based on the data presented above what is the number
a corporation has 2 divisions division 1 and division 2. division 1 makes product a product b and product c. those
Net assets of the acquired company are revalued to their fair value and any excess of consideration transferred over fair value of net assets is allocated to goodwill.
a company makes power tools. the motor division makes a motor that small tools division needs for a new product. the
The kurten corporation is authorized to issue $500000 0f 8% bonds interest on the bond payable semiannually ;the bond are dated january 1,2010 and are due december 31,2015
bronzeville products wants an airplane for use by its corporate staff. the airplane that the company wishes to acquire
The consolidated cash flow from operations of Jones corporation and its subsidiary short manufacturing for 2012 decreased quite substantially from 2011 despite the fact that consolidated net income increase slightly in 2012.
on june 14 2011 fred city agreed to transfer cash of 52000 from the general fund to provide permanent financing for a
Assume Ingrid Swenson buys the set 1 hour 50 minutes into the sale. What will Ingrid pay? Round each calculation to the nearest cent. What is the markdown percent? Round to the nearest hundredth percent.
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