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3 years ago

Which of the following is a criterion that must be met in order for an item to be recognized as an intangible asset?

Business

1 answer:

Amiraneli [1.4K]3 years ago

3 0

Answer:

The item is identifiable and lacks physical substance.

Explanation:

Intangible asset: Intangible asset is that asset which cannot be seen or even touched. It has no physical existence.

Example: Goodwill, patents, trademarks, copyrights and other intellectual properties

In these types of assets, amortization is charged instead of depreciation.

It neither used for production, nor its gains any scientific or technical knowledge, and its value neither measure reliability

Hence, option a is correct

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The Cozy Company manufactures slippers and sells them at $ 10 a pair. Variable manufacturing cost is $ 5.75 a pair, and allocat

yulyashka [42]

Answer:

(b) $ 43 comma 750 increase

Explanation:

Consider the Incremental Costs and Revenues arising from accepting the Special Order.

Note: Cozy Company has enough idle capacity available to accept a one-time-only special order, therefore the fixed costs are irrelevant for this decision, since order is accepted within the normal operating capacity.

Sales (25,000×$ 7.50) $187,500

Variable manufacturing (25,000× $ 5.75) ($143,750)

Net Income/(loss) $43,750

<u>Conclusion</u>

Therefore, Operating Income would increase by $43,750 as a result of Accepting the Special Order.

7 0

3 years ago

(look at the graph)

stealth61 [152]

Answer:

a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.

Yes, it is advantageous for Luxland. On its own, Luxland can only produce 1 chip for 1 pretzel, but with trade, 1 pretzel would now be equivalent to 4 chips, representing a net gain of 3 chips.

b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.

No, trade would not be advantageous. We can see than domestically, Leanderland can produce 2 pretzels for every chip, because the graph shows that 4 chips are equivalent to 8 pretzels for this nation.

For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.

3 0

3 years ago

Please help I will give branniest and I upped the points

9966 [12]

Answer:

which country r u from?cuz I would have to research the banks according to your country.

3 0

3 years ago

In the current year, Plum, Inc., a closely held C corporation, has $410,000 of net active income, $20,000 of portfolio income, a

fenix001 [56]

Answer:

(a) $430,000

(b) $355,000

Explanation:

To answer the question, it is important to understand the meaning of passive income or loss and how it applies to personal service corporation (PSC) and C corporation.

Passive income refers to income received from investment without active participation in the running of the business. Example of passive income is dividend.

For personal service corporation (PSC), when there is a passive loss, in can only be deducted from any other available passive income from other investments. If there is no other passive income, the passive loss is not deductible from active income.

For C corporation, passive loss is allowed to be deducted against net active income. However, it can not be deducted against portfolio income .

The questions are then answered as follows:

a) If Plum is a personal service corporation (PSC)

Since Plum is PSC, it cannot deduct passive activity loss of $75,000 from the net active income nor portfolio income.

Therefore, it taxable income is the addition of net active income and portfolio income as follows:

Taxable income = $410,000 + $410,000 = $430,000

b) Plum is not a personal service corporation

Here, Plum is considered as a C coporartion. Therefore, it can deduct the passive loss from the active income but not from portfolio income. Its Taxable income is therefore as follows:

Taxable income = ($410,000 - $75,000) + $20,000 = $355,000

5 0

3 years ago

"Ethan (single) purchased his home on July 1, 2009. He lived in the home as his principal residence until July 1, 2016, when he

melisa1 [442]

168,000 is amount of the gain is Ethan allowed to exclude from his gross income

Solution:

Ethan's post 2009 non-qualified use is 2 years.

He owned the property for 10 years so he is not allowed to exclude 20% of the gain

= $210,000 × 20% = $42,000

He is allowed to exclude = ($210,000 - $42,000)

= $168,000

7 0

3 years ago