Business, 18.02.2021 21:10, tjmoney7709
Presented below is information related to copyrights owned by Walter de la Mare Company at December 31, 2014.Cost $8,600,000Carrying amount 4,300,000Expected future net cash flows 4,000,000Fair value 3,200,000Assume that Walter de la Mare Company will continue to use this copyright in the future. As of December 31, 2014, the copyright is estimated to have a remaining useful life of 10 years. Instructions(a) Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2014. The company does not use accumulated amortization accounts.(b) Prepare the journal entry to record amortization expense for 2015 related to the copyrights.(c) The fair value of the copyright at December 31, 2015, is $3,400,000. Prepare the journal entry (if any) necessary to record the increase in fair value.
Answers: 1
Business, 22.06.2019 09:30, kingtrent81
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
Business, 22.06.2019 09:30, supremetylor29
An object that is clicked on and takes the presentation to a new targeted file is done through a
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Business, 22.06.2019 11:00, mmcdaniels46867
Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld
Answers: 2
Presented below is information related to copyrights owned by Walter de la Mare Company at December...
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