Answer:
$687,000
Explanation:
Intangible Assets are identifiable assets of a non-monetary asset and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.
Important to note that Internally generated Goodwill is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets
<u>Calculation of Total Intangible Assets will be :</u>
Intangible Assets Calculation = (Copyrights) $ 58,000 + (Goodwill Acquired) $560,000 + (Trademarks) $69,000
= $687,000
Therefore,
Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000
Answer:
d. Restate that under no circumstances shall Lakeisha adopt retaliatory conduct against Wilson in the future if their relationship ends in a bad manner
Explanation:
In such a situation, Wilson decides to send Lakeisha a letter that:
Restate that under no circumstances shall Lakeisha adopt retaliatory conduct against Wilson in the future if their relationship ends in a bad manner even though the romantic attraction between Lakeisha and Wilson was very strong and they have become lovers in which Wilson is concerned that the bank and he could be accused of sexual harassment which is why The director of human resources recommends that Wilson and Lakeisha sign a "lovecontract." Despite such arrangements was not a perfect solution to liability.
In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.
<h3>
What is Independence in this case?</h3>
The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.
Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.
Learn more about internal control:
brainly.com/question/26398073
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Full Question:
Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?
A) Tell his superiors as soon as he has decided whether or not to accept the offer.
B) Remove himself from the engagement as he considers the offer.
C) Pray for divine guidance.
D) If he decides to reject the offer, remove himself permanently from the engagement.
Answer:
insurance is important in that it helps you indemnity the losses occured after the risk occurrence
Explanation:
insurance ensures that you are covered from all period and hazards
