Business, 21.09.2021 23:30, francescanajar5
Tamarisk Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $ 480,000 and a remaining useful life of 8 years. During 2020, Tamarisk incurred research and development costs of $ 96,000 and brought a patent infringement suit against a competitor. On December 1, 2020, Tamarisk received the good news that its patent was valid and that its competitor could not use the process Tamarisk had patented. The company incurred $ 119,000 to defend this patent. At what amount should patent(s) be reported on the December 31, 2020, balance sheet, assuming monthly amortization of patents
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 17:30, gena75
Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery. can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.
Answers: 2
Business, 22.06.2019 19:30, livimal77
At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation
Answers: 1
Do you know the correct answer?
Tamarisk Industries had one patent recorded on its books as of January 1, 2020. This patent had a bo...
Questions in other subjects:
Mathematics, 30.05.2020 03:59
Mathematics, 30.05.2020 03:59
Social Studies, 30.05.2020 03:59
