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Artyom0805 [142]
3 years ago
15

During 2016, Frank Company incurred $200,000 in legal fees in defending a patent with a carrying value of $3,500,000 against an

infringement. Farver's lawyers were successful with the defense of the patent. The legal fees should be
Business
1 answer:
MatroZZZ [7]3 years ago
6 0

Answer: $320,000

Explanation:

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A firm has fixed assets of $28,000, long-term debt of $12,000, current liabilities of $4,000, current assets of $5,000 and equit
SVEN [57.7K]

Answer:

$33,000

Explanation:

assets = liabilities + stockholders' equity

assets include current assets + non current or fixed assets = $5,000 + $28,000 = $33,000

liabilities and stockholders' equity include current liabilities + long term liabilities + equity = $4,000 + $12,000 + $17,000 = $33,000

both sides of the accounting equation must always be equal, that is meant by balance.

8 0
3 years ago
An investor implements a collar strategy by purchasing 100 shares of the Tesla stock at a price of $840 per share, selling 100 c
ollegr [7]

Answer: $837

Explanation:

The following information can be gotten from the question:

Purchase price = $840 per share

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= $837

8 0
3 years ago
Fast delivery trains its truck loaders how to set the packages in the delivery vehicles, so that when delivery drivers are pulli
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<span>A procedure is being implemented when directing that the trucks be loaded in this specific manner. This procedure is put into place to make sure the loading is done efficiently in a timely manner. This step by step process makes it more likely that the packages will be delivered on time and nit damaged.</span>
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7 0
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Is Informative listening a type of casual listening
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Answer:

Yes.

Explanation:

<em>You are listening to gather intel on a particular individual or set of individuals.</em>

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