The answer is A, switching your cell phone off before you enter a meeting.
Answer:
Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles.
- Dr Patents 387,900
- Cr Intangible assets 387,900
- Dr Goodwill 341,000
- Cr Intangible assets 341,000
- Dr Franchises 421,000
- Cr Intangible assets 421,000
- Dr Copyright 145,200
- Cr Intangible assets 145,200
- Dr Research and development expense 211,000
- Cr Intangible assets 211,000
Make the entry as of December 31, 2020, recording any necessary amortization:
- Dr Patents 387,900
- Cr Intangible assets 387,900
- Dr Amortization expense 43,100
- Cr Accumulated amortization - Patents 43,100
- Dr Goodwill 341,000
- Cr Intangible assets 341,000
- Dr Franchises 421,000
- Cr Intangible assets 421,000
- Dr Amortization expense 42,100
- Cr Accumulated amortization - Franchises 43,100
- Dr Copyright 145,200
- Cr Intangible assets 145,200
- Dr Amortization expense 29,040
- Cr Accumulated amortization - Copyright 29,040
*R&D costs are expenses, they are not amortized.
Reflect all balances accurately as of December 31, 2020. Use straight-line amortization
.
- Patents $344,800
- Goodwill $341,000
- Franchises $378,900
- Copyright $116,160
Agreements between two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value.
Answer: Option D.
<u>Explanation:</u>
Strategic alliance is the alliance of two or more firms or companies with each other. This alliance has been formed by tow or more companies with each other in order to achieve common goals.
But this does not mean that these firms and companies will give up their independence in forming their alliance. The goals for forming this is to earn profits and get access to the market.
Answer:
c
Explanation:
Additional loan incurs more debt doesn't lead to opportunities or connections
Answer: The value of the property is $156000.
Explanation: The value according to the cost approach is given by
(The estimated value of the land + The replacement cost of the house + additional improvements) - (Depreciation).
Therefore the calculation is:
<u>(33000 + 110000 + 20000) - (7000) = $ 156000.</u>
