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
Ainat [17]
3 years ago
14

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.

You might be interested in
James would like to deposit enough money in a savings account to have $8,000 at the end of year 3. Assuming the investment will
faltersainse [42]

Answer:

  $6910.70

Explanation:

At the end of each year, the account balance will be 1.05 times the value at the beginning of the year. Thus, at the end of year 3, the value is 1.05^3 times the original value.

  $8000 = (deposit)×1.05^3

  deposit = $8000/1.05^3 ≈ $6910.70

James should deposit $6910.70 today.

7 0
3 years ago
Portside Watercraft uses a job order costing system. During one month Portside purchased $173,000 of raw materials on credit; is
Nadya [2.5K]

Answer:

One parent organism and no egg or sperm

Explanation:

5 0
3 years ago
The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. Received
Anastasy [175]

Answer:

$1,575

Explanation:

We will clasify the item "revenue" or "not":

  1. Received $1,050 cash for services provided to a customer during July -> yes, this is revenue
  2. Received $5,000 cash investment from Bob Johnson :  not revenue
  3. the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June: not revenue for July, but June which was booked in June revenue already
  4. Provided services to a customer on credit, $525: yes, this is July revenue though it's still on account receivable
  5. Borrowed $7,500 from the bank by signing a promissory note: not revenue
  6. Received $1,400 cash from a customer for services to be rendered next year: not July revenue, it's customer advace and might be next year revenue once services are completed

So the amount of revenue for July = Received $1,050 cash for services provided to a customer during July + Provided services to a customer on credit, $525

= $1,050 +$525

=  $1,575

4 0
3 years ago
If you see the question go search this song no lo hice bien it hit diffrent
dusya [7]

Answer:

ok

Explanation:

5 0
3 years ago
Read 2 more answers
Morgan is moving to a new city. Select all of the factors she should consider when selecting a new financial institution.
svet-max [94.6K]
Fees- Everything has a cost. Especially institutions, that are public.

Minimum Balance needed in an account-
If you are considering to buy anything, be sure to know your average amount of dollars you have, to know how much money you can spend. Be sure to have some left over.

Interest rates- The percentage you are being charged for. Be sure to have money left over for it.

Services- Pick the best services.
7 0
3 years ago
Read 2 more answers
Other questions:
  • Tyrone wants to spend $15,000 on a new car three years from now. He opens a savings account and deposits $3,250 today. One year
    8·1 answer
  • What is the yield to maturity (YTM) on a share of Six Flags B $1.81 preferred stock if an investor buys the stock at the followi
    10·1 answer
  • Beauty Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per
    12·1 answer
  • You are an HRIS specialist. What is your job description? Group of answer choices ​manage one or more administrative human resou
    10·1 answer
  • Characteristics of budgets include: (Check all that apply.) Multiple select question. a focus on the past. typically span a mont
    12·1 answer
  • Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000
    8·1 answer
  • The circular flow of income model shows
    11·1 answer
  • 1.do you agree that the employer usually has the upper hand when it comes to establishing the employment relationship? when migh
    8·1 answer
  • On Wednesday, your boss asks you if you'd be willing to work an
    10·1 answer
  • What are the 3 types of investors?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!