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tankabanditka [31]
3 years ago
14

The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is:__

____. a. amortization. b. depletion. c. allocation. d. depreciation.
Business
1 answer:
kondaur [170]3 years ago
3 0

Answer:

a. amortization

Explanation:

The intangible assets are those assets which cannot be seen or even touched and are reported in the asset side of the balance sheet

The examples are patents, copyrights, trademarks, goodwill, etc.  

The journal entry to record the amortization expense is shown below:

Amortization expense A/c Dr XXXXX

     To Intangible asset A/c $32,380

(Being amortization expense is recorded)

The amortization expense for the intangible assets is considered, not the depreciation expense plus it reduced the utility of intangible assets

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D.A large number of accounts receivable are in disputeExplanation:

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Bondholders tend to offset the effects of selfish strategies implemented by shareholders by: Multiple Choice increasing the inte
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It should be noted that bondholders offset the effects of selfish strategies that are implemented by shareholders by A. increasing the interest rate on monies loaned to the firm.

A bondholder simply means an individual that's owning a bond that was issued by the government or a public company.

The effects of selfish strategies that are implemented by shareholders are offset by increasing the interest rate on monies loaned to the firm.

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2 years ago
When the value of a bank's assets is than its liabilities, the bank is said to be:_____.
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The value of a bank's assets is than its liabilities, the bank is said to be  <u>solvent</u>

<h3>What is assets?</h3>

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3 0
2 years ago
A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated usef
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(64,000- 5,200 = 58,800).

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3 0
3 years ago
On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount re
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Answer:

Explanation:

The adjusting entry is shown below:

Deferred Subscription Revenue A/c Dr $12,000

            To Subscription revenue A/c $12,000

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= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)

= 400 subscriptions × $90 × (4 months ÷ 12 months)

= $36,000  × (4 months ÷ 12 months)

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The four months are reported from the September 1 to December 31

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