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Elena L [17]
3 years ago
7

Windsor Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a c

ost of $16,000. This textbook is estimated to have a useful life of 5 years from September 1, 2017, the date it was published. The second copyright (a history research textbook) was purchased from University Press on December 1, 2017, for $48,000. This textbook has an indefinite useful life.
How should these two copyrights be reported on Windsor’s balance sheet as of December 31, 2017?

Copyright #1: $

Copyright #2: $
Business
1 answer:
Art [367]3 years ago
7 0

Answer:

Balance sheet extract:

Intangible assets:

Copyright 1      $0

Copyright 2      $48,000

Explanation:

The points to note in the question are enumerated as follows:

An internally generated intangible asset cannot  be capitalized.By capitalization ,I mean its costs is treated as intangible asset to be amortized over its useful life.As a result,the $16,000 incurred on the internally generated intangible asset,specifically,the first copyright should be treated as expense when  incurred.

However,the second copyright that was bought from University Press can be treated as asset but cannot be amortized since it has indefinite life,but would be tested for impairment on a yearly basis,with impairment losses charged to profit or loss account.

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Answer:

A)0.67

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Coefficient of variation can be regarded as the method that is usually devices in the assessment of the total risk per unit of return in a particular investment.

To calculate the investment's coefficient of variation, we use the expresion below

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Given:

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3 years ago
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Answer: See Explanation

Explanation:

Using the first method goes thus:

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3 years ago
Normative economic analysis involves: Group of answer choices value judgments. purely descriptive statements. testable hypothese
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The normative economic analysis involves <u>value judgments and opinions.</u>

<h3><u>By normative economic analysis, what do you mean?</u></h3>

Normative economics is an approach to the study of economics that expresses normative or ideologically prescriptive judgments on economic development, investment initiatives, claims, and scenarios.

Normative economics is heavily concerned with value judgments and declarations of "what ought to be" rather than facts based on cause-and-effect statements, in contrast to positive economics, which is dependent on objective data analysis. It reflects ideological opinions regarding potential outcomes for economic activity in the event that public policy changes. It is impossible to verify or validate normative economic claims.

Learn more about normative economics with the help of the given link:

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6 0
2 years ago
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6 0
3 years ago
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Answer:

The firm wins because these actions are not illegal.

Explanation:

The laws that prohibit non physical harassment at work are:

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I knew a case from first hand about a very beautiful woman who had two careers and was very smart and efficient. She wasn't harassed by men, most men at the office only starred at her and wouldn't dare to talk to her. She was harassed by other women that were jealous about her beauty and the fact that she was probably the smartest person around. Besides everybody knowing that the other women were jealous, and everyone making jokes about who was most jealous, she couldn't do anything about it. She ended up quitting the job and to be honest her life got much better at another place. Sometimes an organization's culture is managed by one or two individuals, and if they feel threatened by someone else, they may act in a very childish way and the rest follows.

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