1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svet_ta [14]
3 years ago
15

Wiser Pharmaceutical has received a utility patent from the US Patent and Trademark Office. It sold this patent to another pharm

aceutical company for $50,000. Under which accounting head did Wiser record the patent in its books of accounts before the sale?
A. expenses
B. income
C. intangible assets
D. tangible assets
Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer: C. Intangible assets


Intangible Assets refer to those assets that have no physical form and hence cannot be touched. They may be identified or unidentified.  

Those intangible assets that can be separated from a company’s assets and can be sold are known as identifiable intangible assets. These include intellectual property rights, patents, copyrights, trademarks etc.  

Those intangible assets that can’t be physically separated from the company are known as unidentifiable intangible assets. e.g. goodwill.


You might be interested in
What features of the 100 Yen Sushi House service delivery system differentiate it from the competition, and what competitive adv
BartSMP [9]

Answer:

The summary and as per the query is defined in the following portion of the clarification.

Explanation:

The key characteristics including its 100 yen sushi management of service distribution system are its approaches to meal preparation and facilities on the manufacturing process. The client is also involved throughout the supply chain. The regular price, the conveyor belt mechanism throughout the location, which passes across the commercial counter, is three to four chefs on the floor.

The benefits of this are the people that follow:

  • High-tech independence including the use of clear methods.
  • The positions that their operation involves repetition throughout their manufacturing method there might be other providers that could follow 100 yen sushi household operational efficiency. The distribution system used for the 100 yen sushi household delivery of services may also be regarded for car production.  
  • By only using throughout time method, the location uses freshly delivered food. The position has always had to estimate the volume of food purchased as well as cook it regularly according to the purchase request.
8 0
3 years ago
The _____ is an agency of the federal government that offers both managerial and financial assistance to small businesses.
Reil [10]

Answer:

D. Small Business Administration.

Explanation:

The Small Business Administration (SBA) is an agency of the federal government that offers both managerial and financial assistance to small businesses. SBA was established in 1953 as an autonomous or independent agency of the government of the United States of America. Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, in order to provide them with the necessary funds required to plan, start and grow their business.

<em>Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America. </em>

5 0
3 years ago
Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pert
Minchanka [31]

Answer:

$637,000

Explanation:

The computation of the  total investment securities reported is shown below:

= ABC Co. bonds amortization cost for year 2015 + DEF Co fair value for year 2015 + GEH Inc fair value for the year 2015 + IJK Inc fair value for the year 2015 + LMN co stock fair value for the year 2015

= $367,500 + $48,000 + $47,000 + $44,000 + $130,500

= $637,000

We simply applied the above formula

6 0
3 years ago
He loves me, he gives me all his money, that gucci prada comfy, my suger daddy:)
ladessa [460]

Answer:

what did he sayyyyyyyyyy

3 0
3 years ago
Read 2 more answers
Traditionally, department stores almost exclusively offered soft goods. But now, most department stores focus on selling both ha
Studentka2010 [4]

Answer:

False

Explanation:

Traditionally, department stores sold both soft goods and hard goods. But now, most department stores focus almost exclusively on soft goods.

Soft goods refers generally to clothing and other textiles like bedding and fabrics.

Hard goods refers to a broad range of products like appliances, furniture, tools, electronics, etc.

5 0
3 years ago
Other questions:
  • Edgar hired a graduate from his alma mater, thinking he would be a successful first line supervisor. Unfortunately the new hire
    6·1 answer
  • A restaurant is considering adding fresh brook trout to its menu. Customers would have the choice of catching their own trout fr
    13·2 answers
  • Demetrius just earned a degree in homeland security and emergency management from ashford university and wants to apply for a po
    9·1 answer
  • The Atlantic Division of Stark Productions Company reported the following results for 2019:
    11·1 answer
  • ________ customer relationship management (CRM) systems help to create mass e-mail marketing campaigns wherein each consumer rec
    14·1 answer
  • Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information
    8·1 answer
  • MANAGING YOUR FINANCES IS A DAILY OR WEEKLY ACTIVITY FOR FINANCIAL WELLBEING, xplain 2 PROFESSIONAL DEVELOPMENT ACTIVITIES YOU C
    7·1 answer
  • Using advances in technology to maintain databases of customer information is more important for firms involved in mass marketin
    12·1 answer
  • Red October Company has 2,000 shares of 6%, $100 par cumulative preferred stock outstanding at December 31, 2016. No dividends h
    10·1 answer
  • What are the typical fees banks charge?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!