Answer:
$2,400,000
Explanation:
According to the IFRS, all research costs are charged to expense account and therefore the $2,400,000 shows as an expense on the debit side in its income statement for the year
Development costs and legal and filing fees should be capitalized as the requirements of technological and commercial viability have been identified, as well as the capacity of the asset to produce probable future economic benefits. So these amount would not be considered
Answer: When a company uses the allowance method of accounting for uncollectible receivables, the entry to reinstate a previously written off account would include: <u>"C. A debit to Allowance for Doubtful Accounts".</u>
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Explanation: Registration would be: Debit to "Allowance for Doubtful Accounts" and Credit to "Accounts Receivable".
Example:
--------------------------------------- . -----------------------------------
Allowance for Doubtful Accounts 100
Accounts Receivable 100
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The right answer for the question that is being asked and shown above is that: "taxes; principal interest; homeowner’s insurance" The mortgage payment includes <span>taxes; principal interest; homeowner’s insurance</span>
Answer:
$200,000
Explanation:
Hawk Corporation purchased 10,000 shares at $50 per share of Diamond Corporation. The share were sold in 2019 at price of $70 per share to Diamond Corporation by Hawks Corporation. The net gain per share was $20 ($70 - $50)
The total gain from this investment : $20 per share * 10,000 shares
= $200,000 gain to Hawk Corporation from investment in Diamond Corporation.
Answer:
a condition or circumstance that puts a company in a favourable or superior business position.