Answer:
Pedigo Corporation
Journal Entries
Debit Credit
Amortization Expense - Patent $10,000
Patents (Working 1) $10,000
<em>To record amortization of Patents on December 31, 2020</em>
Explanation:
Working 1:
Amortization expense = Patent cost x 1/5 year x 8/12 months
= $75,000 x 1/5 x 8/12
= $10,000
Note that no entry is made to to amortize Goodwill worth $150,000. This is because Goodwill has an indefinite life. As only entries to record amortization are required, there is no other entry on December 31, 2020.
The statement "changes in the technological environment create increases in world wide in all sectors of the economy, creating exciting challenges for future leaders" is true
What is technological change?
Technological changes refer to changes in the level of technological and telecommunication medium as well as gadgets in the world as a whole.
It can seen as the improvements we have witnessed in global trade where a businessman does not need to leave his country before holding a crucial meeting with a business partner or counterpart in another country, which means they could get connected via the internet, specifically using zoom as the medium of interaction.
The fact that current technological changes have outperformed previous options means that the current one is also a way creating a challenge where future technological changes are able to outshine them, in other words, the pace of change needs to be kept constant in order to full unlock the potentials lurking within the technology
Find out more about technology on:https://brainly.in/question/45244347
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Answer:
E ) give an indication of what investors think of the firms performance and future prospects.
Explanation:
There is an option cut in half when the question was pated.
Which happens to be the correct one
E ) give an indication of what investors think of the firms performance and future prospects
The market valeu represent how the company is perceived. The trust and confidence in future benefit to arise or the expectation of future losses have inpact onthe market value ratios as the price of the firm debt securities (bonds or note) will drop if expected to not to pay them and the stock will also increase or decrease based on ow much dividends is considered to pay in the following years.