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3 years ago

Joni Kingbird Inc. has the following amounts reported in its general ledger at the end of the current year.

Business

1 answer:

Kazeer [188]3 years ago

8 0

Answer:

Total amount reported for intangible assets: $90,400

Explanation:

An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory

Among the listed items, tangible assets in Joni Kingbird Inc. include Trademarks of 14,300 and Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,100. The total intangible asset is $90,400 .

Deposits with advertising agency for ads to promote goodwill of company 11,100, will not book in intangible asset as it’s just deposit now, the total cost after this work is completed will then book in intangible asset.

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3 years ago

The Fisher formula is expressed as _____ where R is the nominal rate, r is the real rate, and h is the inflation rate.

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Answer :

The Fisher formula is expressed as 1+R = (1 + r) x (1+ h) where R is the nominal rate, r is the real rate, and h is the inflation rate.

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2 years ago

If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease i

stellarik [79]

23% decrease.

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3 years ago

Read 2 more answers

Concord Corporation had the following transactions during 2022: 1. Issued $190000 of par value common stock for cash. 2. Recorde

sergejj [24]

Answer:

The net cash provided by financing activities -$157,600.

Explanation:

Net cash provided by financing activities refers to the difference between the total cash inflows and total cash outflows from the financing activities section of the cash flow staement.

The net cash provided by financing activities can be calculated by preparing a partial cash flow statement as follows:

Concord Corporation

Net Cash Flow Statement (Partial)

As at December 31, 2022

Details Amount

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Dividend declared and paid in cash (15,200)

6-year note payable repaid (334,400)

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Therefore, the net cash provided by financing activities -$157,600.

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3 years ago

I hope that if you graduate, what can you do for this company better?

Fed [463]

Answer:

I be confident for your company

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2 years ago