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4 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]4 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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The Federal Reserve has also launched some reverse repos, effectively lending money to borrow money from commercial banks, rather than permanently transferring ownership of securities to achieve its objectives.

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2 years ago

What is the difference between economies of scale, constant returns to scale, and diseconomies of scale

Maksim231197 [3]

Answer:

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4 years ago

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Inessa [10]

Answer:

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3 years ago

Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi

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Answer:

The correct answer is option A.

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Gain for Sophie

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The gain for Ruby will be the difference between the maximum price she was willing to pay and the price she actually paid.

Gain for Ruby

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3 years ago

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