These are selected 2017 transactions for Grouper Corporation: Jan. 1 Purchased a copyright for $142,800. The copyright has a useful life of 7 years and a remaining legal life of 33 years.
Mar. 1 Purchased a patent with an estimated useful life of 6 years and a legal life of 21 years for $88,200.
Sept. 1 Purchased a small company and recorded goodwill of $152,200. Its useful life is indefinite.

Required:
Prepare all adjusting entries at December 31 to record amortization required by the events.

Country a can produce product x, but it can also buy it at a cheap rate from country b. which of the following courses of action is suitable in this situation according to adam smith's theory of absolute advantage? question 35 options: 1) country a should import product x from country b and it should not attempt to produce it at home. 2) country a should partly import the product and produce it domestically. 3) country a should produce more of product x and should attempt to obtain an absolute advantage for the product. 4) country a should subsidize the production of product x to obtain an absolute advantage over country b.