Answer: Option A                  
    
Explanation: In simple words, if someone defames another person that does not mean that the lawsuit against the defaming party will be successful. 
As per the law of united states, if the defamer wants to win the case and successfully make the claim in favor of his or her case, he or she can claim one of these defenses. 
1. truth 
2. absolute privilege
3. qualified privilege
4. consent to the publication
5. statement of opinion
 
        
             
        
        
        
Answer:
Horizon value is $22.59  
Intrinsic value is $16.32
Explanation:
D3=1.5000
D4=1.5000*(1+7.8%)
D4=1.6170
D5=1.6170
*(1+7.8%)
D5=1.7431
D6=1.7431
*(1+3.42%)
D6=1.8027
horizon value is the same as the price of the stock(the terminal value) using the dividend in year 6
P=D5*(1+g)/(r-g)
D5=$1.7431
g is the constant growth rate of 3.42%
r is the required rate of return of 11.40%
P=$1.7431*(1+3.42%)/(11.40%-3.42%)
P=$1.8027/0.0798
=$22.59  
Goodwill Technologies share price is $22.59
Current intrinsic value is the dividends payable in relevant years plus the horizon value discount to present value as follows:
Present value of D3                =1.5000/(1+11.40%)^3=$1.0850
present of value of D4            =1.6170
/(1+11.40%)^4=$1.0500
present value of D5                 =1.7431
/(1+11.40%)^5=1.0160
present value of horizon value=$22.59/(1+11.40%)^5=13.1671
Total present values                                                       $16.32                                      
 
        
             
        
        
        
Answer:
The answer is: D) Licenses for functional intellectual property can be viewed as conveying a right of use.
Explanation:
Functional Intellectual Property (IP) is different from other IP since it must possess a standalone functionality. This means it must be able to perform a task, process a transaction, etc.
Because functional IP possess a standalone functionality, licensing agreements provide the customer immediate use of the functional IP. Therefore, revenue from licensing functional IP is recognized at the time the license is given. 
 
        
             
        
        
        
Answer:
The correct answer is B
Explanation:
The journal entry to record the sale of the subscription is as:
Cash A/c.............................................................Dr       $600,000
    To Unearned Subscription Revenue A/c..........Cr      $600,000
As company made a sale of the subscription, so cash is received from sale therefore any increase in asset is debited. So, the cash account is debited. And the unearned subscription revenue is credited because cash is received against subscription sale.
 
        
             
        
        
        
Answer:
Find in the excel file attached detailed adjusting entries required for all transactions in the question.
Explanation:
Please note  the analysis of each transaction done under the heading "particulars".