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Nimfa-mama [501]
3 years ago
7

Freya Co. has two patents that have allegedly been infringed by competitors. After investigation, legal counsel informed Freya t

hat it had a weak case for Patent A34 and a strong case in regard to Patent B19. Freya incurred additional legal fees to stop infringement on Patent B19. Both patents have a remaining legal life of 8 years. How should Freya account for these legal costs incurred relating to the two patents?
Business
1 answer:
matrenka [14]3 years ago
7 0

Answer:

Freya needs to expense costs for Patent A34 and capitalize costs for Patent B19.

Explanation:

Based on the scenario being described it can be said that Freya needs to expense costs for Patent A34 and capitalize costs for Patent B19. That is because a successful defense of a patent needs to be capitalized and amortized since you can now monetize and recover the costs incurred as well as make a profit off of the patent. On the other hand, unsuccessful defense of a patent needs to be expensed as incurred since that patent cannot be used to make money and recover costs.

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Roca Company originally issued 30,000 shares of $5 par common stock for $240,000 on January 3, 2020. Roca purchased 1,500 shares
hram777 [196]

Answer:

Date   Particulars                                    Debit          Credit

Jan 3  Cash                                           $240,000

                Common stock (30000*5)                       $150,000

                Paid-in-capital in excess                          $90,000

Nov 2  Treasury stock                            $15,000

                  Cash                                                         $15,000

Dec 6  Cash                                              $7,200

                  Treasury stock[75000/1500*600)          $6,000

                   Paid in capital from treasuty cash          $1,200

4 0
3 years ago
In a Process-oriented layout work centers are arranged to minimize the costs of material handling. The basic cost elements for o
emmainna [20.7K]

Answer:

Number of loads and distance the load move between the work centers.

Explanation:

A process oriented layout is a method employed by manufacturing companies. It is utilized by companies that manufacture their products in large quantities.

This method is use to organise the work stations on the basis of the different activities carried out by the workers in each station.

The advantages of process oriented layout method include:

- It does not involve a high rate of investment.

- It allows for proper supervision of workers.

- There is room for continous production.

- The equipments in the production process are fully utilized.

3 0
4 years ago
The fed increases the quantity of money. in the short run, the quantity of money demanded ______ and the nominal interest rate _
Nimfa-mama [501]

The quantity of money demanded <u>increases</u> and the nominal interest rate <u>falls.</u>

In the short run, if the Fed(Federal Reserve) increases the quantity of money, the quantity of money demanded will increase and the nominal interest rate falls.  

The quantity of the money supplied and the nominal interest rates has an inverse relation. That is, when there is a huge supply of money in a short-term, it will cause an increase in the nominal interest rate.

The nominal interest rate refers to the interest rate before adjusting to inflation or price-hike. It balances the supply and demand of money.

So when there is an increase in the supply of money ,there will be the resulting increase in the demand of money too. The total money that the population wants to hold is referred as the money demanded.

Learn more about Fed( US Federal Reserve) at brainly.com/question/25843620

#SPJ4

8 0
2 years ago
Generally, a state's statute of frauds will cover what type of contract
Dima020 [189]
This is a<span> statute which requires certain types of contracts </span>to be in writing<span> in order to be enforceable.
</span>

There will be 5 but please do read these to ensure you know them friend.

1: Contracts for the sale or lease of or a mortgage on real property. (Land, etc)

2: Contracts that cannot by their terms be performed within one year after the date was formed.   

3: Collateral contracts such as promises to answer for the debt or duty of another individual.

4: Promises that are made in consideration of marriage. 

5: Contracts as we went over before for the sale of goods of $500 or more. 

5 0
3 years ago
Which of the following is an example of how high student loan debt can
irina [24]
A person may choose to rent instead of buying a property as they can't afford a down payment
6 0
1 year ago
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