What was logical assumption of decrease of patent account

Assignment Help Accounting Basics
Reference no: EM132717987

Question: Patent account decreased by $2,000 in 2019. During 2019 the company purchased patent in the amount of $7,000. What was the most logical assumption of the decrease of patent account? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132717987

Questions Cloud

Testing for detection and intrusion of risks : Explain the importance of testing for the detection and intrusion of risks.
Determine what is the amount of the cash paid to suppliers : Determine what is the amount of the cash paid to suppliers? If a company's Cost of Goods Sold is $159,000 for the period, beginning and ending Inventory balance
Industry experts believe blockchain is technology : Industry experts believe blockchain is a technology that has the potential to affect the business of most IT professionals in the next five years.
How emerald co would record a debit of : Sold during this accounting period for $31,900 in cash, and purchased new equipment for cash of $148,700. Emerald Co. would record a debit of
What was logical assumption of decrease of patent account : Patent account decreased by $2,000 in 2019. During 2019 the company purchased patent in the amount of $7,000. What was the most logical assumption.
Discuss two short stories from the modern period : Discuss two short stories from the Modern Period, namely: How Much Land does a Man Need by Tolstoy and Metamorphosis by Kafka, in terms of their elements
What the organization is currently focused on : What the organization is currently focused on and what they are doing to address the issue you identified, and how the issue impacts financial reporting
Explain three basic principles of contract law : Explain three basic principles of contract law and why it is essential for compliance that these are followed. Explain duty of care principles for financial.
Strategic risk management with lego group : Strategic risk management with the LEGO Group. What exactly is strategic risk management? What are some examples of strategic risk?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd