Answer:
Balance sheet extract:
Intangible assets:
Copyright 1 $0
Copyright 2 $48,000
Explanation:
The points to note in the question are enumerated as follows:
An internally generated intangible asset cannot be capitalized.By capitalization ,I mean its costs is treated as intangible asset to be amortized over its useful life.As a result,the $16,000 incurred on the internally generated intangible asset,specifically,the first copyright should be treated as expense when incurred.
However,the second copyright that was bought from University Press can be treated as asset but cannot be amortized since it has indefinite life,but would be tested for impairment on a yearly basis,with impairment losses charged to profit or loss account.
Answer:
Alexandra took the land subject to the $100,000 liability. Therefore the Alexandra’s basis in the land is $200,000.
Explanation:
in the current scenario "Dove Corporation distributes all of its property in a complete liquidation. Alexandra, a shareholder, receives land having a fair market value of $200,000". Thus, the Basis of property received in a complete liquidation is the property's fair market value on the date of distribution, or %200,000
Answer: (C) The daily and weekly sales volume
Explanation:
According to the given question, the daily and weekly sales volume is one of the best indicator for checking the effectiveness of the advertising in an organization as it helps in measuring the various types of sales statistics on the basis of weekly or daily target.
By using the following ways we can monitoring the sales volume either daily or weekly basis are as follows:
- By carefully monitoring the share
- Analyzing the sales's result
- Feedback from the customers
- Place the data in graph format
Jami is basically managing the advertisement campaign and for the purpose of monitor this advertising campaign we basically analyzing the sales volume such as the product line, sales region and also the product level.
Therefore, Option (C) is correct answer.
Answer: $246,400
Explanation:
Qualified residence indebtedness refers to the mortgage that's taken to purchase or improve on one's main home.
Based on the information given above, the on the $246,400 of the first and second mortgage is treated as qualified residence indebtedness.
Answer:
The endowment fund is not satisfied with the advisor's performance
Explanation:
Judging from a nominal interest rate perspective where return expected of an investment comprises of real rate of return and an extra return which is a compensation for inflation rate in the economy,the endowment fund is not satisfied with performance of the advisor.
The satisfactory rate of return that would be expected of the advisor is computed below:
nominal interest rate=real rate+inflation rate
real rate is 8.2%
inflation rate is 2.9%
nominal interest rate=8.2%+2.9%
=11.10%
