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These are selected 2012 transactions for Jendusa Corporation: Jan. 1 Purchased a copyright for $120,000. The compyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $54,000. Sep. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinate. Prepare all adjusting entries at Decmeber 31 to record amorization required by the events
pritchard company manufactures a product that has a variable cost of 30 per unit. fixed costs total 1500000 allocated
wright company expects cash sales for july of 12000 and a 20 monthly increase during agust and september. credit sales
On January 3, 2008, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. What was the balance in the investment account before the shares were sold?
During 2011 Pippen reported a net income of $80,000 and declares and pays cash dividends of $10,000.What recognition should Rijo Corporation give to these events?
haskell brothers products inc. manufactures a liquid product in one department. due to the nature of the product and
Where is the product manufactured?
A calendar year corporation in its first year of operations reports earnings and profits of $50,000. In December of that year, it distributes land worth $40,000 to one of its shareholders. The corporation's basis in the land was $35,000, and the l..
1.on january 1 2012 vandell inc. purchased a new machine for 96000. its estimated useful life is 16 years with an
wadkins company a machinery dealer leased a machine to romero corporation on january 1 2012. the lease is for an 8-year
an oil drilling company must choose between two mutually exclusive extraction projects and each costs 11 million. under
a company estimates total overhead costs for the next year to be 1500000 and wishes to use direct labor hours as it
alpha company manufactures a single product that sells for 110 per unit and whose total variable costs are 88 per unit.
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