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Law Incorporation [45]
4 years ago
15

When Palm, Inc. acquired its 100% investment in Star Co., a foreign entity, the excess of cost over book value was 10,000 FC. Th

is excess was traceable to a 10-year patent. Assume the foreign entity's local currency is its functional currency.
The elimination entry to amortize the excess will include a(n):

A. debit to Patent for 10,000FC multiplied by the current exchange rate.
B. debit to Patent for 10,000FC multiplied by the historical exchange rate.
C. credit to Investment in Star for 10,000FC multiplied by the average exchange rate.
D. credit to Cumulative Translation Adjustment for 10,000FC multiplied by the historical exchange rate.
Business
1 answer:
saul85 [17]4 years ago
3 0

Answer:

A. debit to Patent for 10,000FC multiplied by the current exchange rate.

Explanation:

Since the excess of cost over book value was 10,000FC and this excess was traceable to a 10-year patent.

The elimination entry to amortize the excess will include a debit to Patent for 10,000FC multiplied by the current exchange rate assuming the foreign entity's local currency is its functional currency.

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With the community interested in eating healthy, Mary Catherine, a restaurant owner, is considering adding more gluten-free dish
garik1379 [7]

Answer:

A) nonrational decision making.

Explanation:

Catherine is taking a non-rational decision because a rational decision requires the correct assessment of risk, and benefits, and apparently, adding more gluten-free dishes has a high level of risk, and possibly a low level of benefits. A rational person would discard adding more gluten-free dishes because of that.

5 0
3 years ago
How does a project charter support the project manager in getting things for the project from other people?
lara [203]

Answer: A project charter contains:

  • Project manager assigned, his responsibility and authorization level.
  • Project Objectives
  • Project justification.
  • Project general description.
  • High level requirements
  • High level risks.
  • Summary of the most important milestones in the schedule.
  • Budget Summary
  • List of Stakeholders or stakeholders of the Project.
  • Requirements for project approval.
  • Name and level of authorization of the Sponsor or the person authorizing the Project Charter.

The important thing with the generation of this document is that there is a formal record of the initiation, limits and completion of the project being of great importance for its success.

In this way, with all this information established with security, it allows the manager to obtain funds from third parties for the realization of the project.

7 0
3 years ago
Problems with (or leakages from) the money creation process would include an increase in the reserve requirement. unwillingness
mart [117]

Answer:

The correct answer is unwillingness of borrowers to obtain loans from banks to invest in factories or expansion of the firm.

Explanation:

Solution

<em>Given that:</em>

Leakage problem occurs or happens within an economy when the money goes out of the economy, which leads to a loss in the economic value of goods and services, and also leads to loss in profits making.

This would lead to an unwillingness of borrower's to obtain loans from banks in the expansion of the firm or to invest in factories.

4 0
3 years ago
Mobile visual search (MVS) apps generate graphic images that are superimposed on pictures of real things (e.g., people, rooms, b
Romashka-Z-Leto [24]

Answer: False

Explanation:

Mobile Visual Apps were made.more along the lines of linking different content from a single picture. For instance, a single picture of a logo could link the user to the social media pages, products and other content belonging to the owner of the logo.

The product described in the text above is ' Augmented Reality '.

5 0
4 years ago
When someone is considering a career as a lawyer, future earnings are the
Fantom [35]
Future earnings are the future benefit to a person who wants to become a lawyer. Wanting to become a lawyer will be an investment for a student in the future. Becoming a lawyer in the future will be the result of the investment and earning from that job is the profit from it.
5 0
4 years ago
Read 2 more answers
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