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lora16 [44]
3 years ago
12

On January 2, Boulder Co. assigned its patent to Castle Co. for royalties of 10% of patent-related sales. The assignment is for

the remaining 4 years of the patent’s life. Castle guaranteed Boulder a minimum royalty of $100,000 over the life of the patent and paid Boulder $50,000 against future royalties during the year. Patent-related sales for the year were $300,000. In its income statement for the year, what amount should Boulder report as royalty revenue?
Business
1 answer:
Tema [17]3 years ago
6 0

Answer:

$30,000

Explanation:

The computation of the royalty revenue reported is shown below:

= Patent-related sales for the year ×  given percentage

= $300,000 × 10%

= $30,000

The revenue is recognized when it is earned or realized so only $30,000 is to be reported as the royalty revenue

The remaining amount i.e $20,000 would be treated as an unearned royalty revenue

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Answer:

False

Explanation:

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3 years ago
What is the purpose of writing a topic sentence?
Mnenie [13.5K]

Answer:

The correct answer is option C. To summarize the main point of the paragraph

Explanation:

A topic sentence is the most important part of a paragraph. The main purpose of a topic sentence is to provide a concise statement that reflects the purpose of the paragraph or the information that is going to be provided in the paragraph effectively.

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I hope the answer is helpful.

4 0
3 years ago
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This tax pays for benefits that workers and families receive for either Social Security or Medicare: A) Excise tax B) State inco
madam [21]
I thinks it's B, it's whichever comes out of your pay check
4 0
3 years ago
When people are employed but are treated differently once employed, receiving few job-related rewards, resources, or opportuniti
Dafna1 [17]

Answer:

treatment discrimination

Explanation:

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Treatment discrimination is the discrimination shown to the people especially the blacked people as they are paid less for equal work as compared to whites.

5 0
4 years ago
1. Zehra is an employee of Claire. It is payday, but Claire does not have the money to pay Zehra right away, so she signs a simp
ira [324]

Answer:

e. An "I Owe You" - just evidence of a debt owed.

Explanation:

AN IOU IS simply defined as a memorandum, promise or the acknoledgemet of an individual  to refund or pay a debt,it can be  signed  especially in a paper stating the specific amount owed and  usually bears the letters IOU (I OWE YOU).It  cannot be stated as the same as a  promissory note due to the fact that there is no direct expression of the promise to pay.

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3 years ago
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