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3 years ago

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

Business

1 answer:

Schach [20]3 years ago

4 0

Answer:

90,000

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.

Trademarks = 15,000

Excess of cost over the fair value of net

identifiable assets (Goodwill) = 75,000

Total intangible assets = 90,000

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Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false

diamong [38]

This is a False Statement.

Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.

Specifically, management accounting aims to

provide Information for internal Organisation managers

providing details to governmental regulating bodies

Information for shareholders, the accounts payable department, and other parties outside the company

information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.

To Learn more about Management Accounting, Click the links.

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3 0

2 years ago

Who is your favorite character in the walking dead? mine is rick

fomenos

Answer:

do you watch riverdale?

pls dont report me im jus bored -_-

Explanation:

3 0

3 years ago

Read 2 more answers

When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the ________ of the inves

vekshin1

Answer:

Present value

Future value

Explanation:

Present value is the value of cashflows discounted at interest rate at arrive at its value today.

Future value is the value of cashflows discounted at interest rate at arrive at its value at some given time in the future.

I hope my answer helps you

8 0

4 years ago

Read 2 more answers

Bramble Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 102000 subs

nirvana33 [79]

The answer is option A. a. Cash 900,000 Unearned

Subscription Revenue 900,000

On the part of the seller, the sale of 60,000

Magazines at $15 constitute liability.

Remember that cash has already been received by the company.

Hence, this amount is yet to be earned by the company that it is considered liability on the part of the seller.

Account Title Debit Credit

Cash 60,000 subscriptions * $15 $900,000

Unearned Subscription Revenue $900,000

Take note that the unearned subscription revenue is amortized to subscription revenue on a monthly or yearly basis.

Disclaimer:-your question is incomplete, please see below for complete question.

a. Cash 900,000 Unearned

Subscription Revenue 900,000

b. Prepaid Subscriptions 900,000

Cash 900,000 Subscriptions

c. Receivable 150,000

Unearned Subscription Revenue 150,000

d. Subscriptions Receivable 900,000

Subscription Revenue 900,000

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4 0

1 year ago

In many countries entrepreneurs and other business leaders, eager to protect their property rights and ensure the dispassionate

denpristay [2]

Answer:

C) democratic reforms

Explanation:

One of the things I remember when I was a little kid was watching action movies with my father and many of them had a common hero, an American soldier or spy (and James Bond even though he is British), and a common enemy, the Soviet Union or some other communist country.

That was very in the late 80s and early 90s, and probably much earlier. The world was divided into two sides, the side that favored liberty and freedom (the US) and the communist evil nations.

In economic terms, communism and command economies meant that the government controlled most of a country's resources. This had a negative effect in that only politicians and their allies lived well and were rich, while the rest of the population was poor.

But then president Reagan and premier Gorbachev got together and decided that it was time for all the nonsense to stop, and the Berlin Wall fell, the Soviet Union split up and luckily for all (except James Bond and other heroes), communism ended.

The fall of communist led to democratic and capitalistic reforms.

6 0

3 years ago