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
Delvig [45]
3 years ago
10

Milano Gallery purchases the copyright on a painting for $420,000 on January 1. The copyright is good for 10 more years. The com

pany plans to sell prints for 19 years. Prepare entries to record the purchase of the copyright on January 1 and its annual amortization on December 31.
Business
1 answer:
alex41 [277]3 years ago
6 0

Answer:

Explanation:

The journal entries are shown below:

On January 1

Copyright A/c Dr $420,000

        To Cash A/c $420,000

(Being copyright is purchased)

On December 31

Amortization A/c Dr $42,000

          To Accumulated amortization A/c $42,000

(Being annual amortization is recorded)

The computation is shown below:

= Purchase value of copyright ÷  number of goods years

= $420,000 ÷ 10 years

= $42,000

You might be interested in
During the audit of wood pharmaceuticals, you are surprised to find several controldeficiencies in the company's internal contro
amid [387]
<span>I gather from the referenced paragraph that a company called Wood Pharmaceuticals was being audited.The process of auditing revealed some concerning issues to include several control deficiencies in the company's internal control which could result in adversities.I would notify the folks in charge and inform them of the steps required to resolve the issue in a timely manner.</span>
8 0
3 years ago
Managing Bad News Within Organizations
True [87]

Answer:

Scenario 1. B. Prepare and rehearse.

2. B. Offer a clear, sincere explanation.

C. Communicate the news openly.

3. A. Reveal specific reasons for not hiring the applicant.

D. Use an indirect pattern.

4. Option 1

Explanation:

Delivering bad news is inevitable in every organization. Some factors are of utmost importance when having to do this. They include;

1. Being clear and concise.

2. Being straightforward while still providing assurance.

The direct approach announces the bad news just at the introduction of the speech. Whereas, the Indirect approach is used when the audience is not well known. It employs some form of explanation before the bad news is delivered.

1. Being tactful and professional would require adequate preparation so as to choose words properly and put people's feelings into consideration.

2. To avoid spreading rumors within and outside the organization, the president would have to address his staff openly. He should be clear and concise when doing this.

3. To make room for good relationship and not break the confidence of the applicant, the HR should begin with an explanation of why the applicant was not hired.

4. The general manager should encourage the employee's effort to be trained but in order not to jeopardize the present schedule, future arrangements would need to be made.

4 0
3 years ago
Pier shops in a Rowdy Ranch &amp; Farm Store store. Enticed by a display, Pier takes an item to examine it and, when she is done
Fudgin [204]

Answer:

The correct answer is letter "B": a duty to discover and remove the hazard.

Explanation:

According to the hierarchy of Hazard Control, there are five (5) layers on determining the actions that should be taken in front of a dangerous situation.  Those layers include <em>protecting workers with Personal Protection Equipment (PPE), changing employees' methods of working implementing administrative controls or engineering controls, substituting the hazardous element, or completely eliminate. </em>

Thus, <em>the elimination or removal of the hazardous element after discovering it is the most effective measure to take to avoid any damages to other individuals, employees or not.</em>

3 0
4 years ago
What happens on the money balances market (the demand and supply for money) when the Federal Reserve conducts an open market pur
Papessa [141]

Answer:

Increased Money supply and decreased rates

Explanation:

When the Federal reserve buys the bonds on the Open market operations, the cash is disbursed by the Fed to the seller of bonds which in case increases the money that is supplied in the market and hence the quantity of money held by general public. The interest rate will ultimately decrease as the money supply is more and people tend to spend more than save.

Hope this clear things up.

Goodluck.

8 0
4 years ago
Read 2 more answers
Where do you get a check register
Juliette [100K]
The bank????????????????
8 0
3 years ago
Read 2 more answers
Other questions:
  • Brief Exercise 12-05 Nabb &amp; Fry Co. reports net income of $31,000. Interest allowances are Nabb $7,000 and Fry $5,000, salar
    13·1 answer
  • At White Chemical Co., management is examining its selling strategy and wants to acknowledge the role its sales staff has in und
    10·1 answer
  • JT Engineering has $960,000 of short-term debt. JT issues 10,000 shares of common stock prior to the issuance of the financial s
    10·1 answer
  • _____ involves creating new systems, resources, or processes to produce new goods or services and/or serve new markets.
    6·1 answer
  • Several years ago, the nation of florentina had a government-owned telecommunication system that lagged far behind other nations
    12·1 answer
  • The main purpose of a cover letter is to: a. Get hired for a position b. Be called in for an interview c. Let your friends know
    14·1 answer
  • Economists develop models to A. capture every detail of the real world. B. justify the assumptions they make about%E2%80%8B peop
    8·1 answer
  • Identify the inventory costing method best described by each of the following separate statements. Assume a period of increasing
    8·1 answer
  • Imagine that David is preparing his will and is trying to decide how to divide his assets between his two grown children. His da
    12·1 answer
  • In the disaster recovery plan, each response should detail the use of resources and assign only those resources needed to ______
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!