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m_a_m_a [10]
3 years ago
14

Presented below is selected information related to Beerbo Inc. at year-end. All these accounts have debit balances. For each ite

m, identify how it should be classified in Beerbo's financial statements.
Cable television franchises
Film contract rights
Music copyrights
Customer lists
Research and development costs
Prepaid expenses
Goodwill
Cash
Brand names
Discount on notes payable
Notes receivable (short-term)
Accounts receivable
Property, plant, and equipment
Organization costs
Land
Business
1 answer:
Colt1911 [192]3 years ago
7 0

Answer: Please refer to Explanation

Explanation:

Cable television franchises - INTANGIBLE ASSETS

Film contract rights - INTANGIBLE ASSETS.

Music copyrights - INTANGIBLE ASSETS.

Customer lists - INTANGIBLE ASSETS.

Research and development costs - OPERATING EXPENSES.

Prepaid expenses - CURRENT ASSET

Goodwill - INTANGIBLES

Cash - CURRENT ASSET

Brand names - INTANGIBLE ASSETS

Discount on notes payable - NOTES PAYABLE DEDUCTIBLE.

Notes receivable (short-term) - CURRENT ASSETS

Accounts receivable - CURRENT ASSETS

Property, plant, and equipment - FIXED/ NON-CURRENT ASSETS

Organization costs - START-UP COSTS

Land - NON-CURRENT ASSETS

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Furkat [3]

Answer:

Bodily Injury Liability

Explanation:

Since the accident that left Francis seriously injured was Evan's fault, the automobile Insurance policy that will cover the cost of Francis's treatment would be Bodily Injury Insurance Policy.

When a user of this Insurance policy cause a car accident that injures another person, bodily injury liability coverage helps pay for the medical expenses of the person or persons injured.

One should carry a bodily-injury coverage of at least $100,000 per person, and $300,000 per accident, and property-damage coverage of $50,000, or a minimum of $300,000 on a single-limit policy.

This goes to define Bodily injury liability as a car insurance coverage that pays for injuries a driver causes to other people, including other drivers, passengers and pedestrians. This policy covers or takes care of medical expenses and lost wages as well as legal and funeral expenses in some cases of the injured persons.

6 0
3 years ago
What is the problem with exporting large amounts of central american agricultural products?.
inna [77]

There are a few problems that can arise from exporting large amounts of central American agricultural products. One is that the products may not be able to meet the demand in other countries, which can lead to prices rising and products becoming scarce.

What is American agricultural?
With only one farmer or farm worker needed on average per square kilometre of cropland for agricultural production, American agriculture is highly mechanised. Even though farming is practised in every state in the US, it is most prevalent inside the Great Plains, a vast area of flat arable land in the middle of the country, west of the Great Lakes as well as east of a Rocky Mountains. The Corn Belt, which produces a lot of corn and soybeans, is located in the wetter eastern half, and the Wheat Belt, which produces a lot of wheat, is located in the drier western half. Fruits, vegetables, and nuts are produced in the Central Valley of California.

Additionally, if the products are not properly stored or shipped, they can spoil and become worthless. Finally, if the products are not marketed properly, they may not sell well and may not generate the income that was expected.

To learn more about American agricultural
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8 0
1 year ago
Carson Company purchased a depreciable asset for $560,000. The estimated salvage value is $28,000, and the estimated useful life
LenaWriter [7]

Answer:

$79,800

Explanation:

Depreciation expense using the activity method = (actual hours of use in a given period / total estimated hours of use ) × ( Cost of asset - Salvage value)

(1500/10,000) × ($560,000 - $28,000) = $79,800

I hope my answer helps you.

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3 years ago
An unfavorable materials quantity variance indicates that:.
skelet666 [1.2K]

An unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.

<h3>What do you mean by material quantity variance?</h3>

The material quantity variance refers to the difference between the standard amount and the actual amount of materials used in the production process.

The material quantity variance yield unusual results as it is based on a standard unit quantity that is not even close to the actual usage.

Therefore, an unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.

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3 0
2 years ago
Today most state corporate statutes are at least partially based on the . A corporation is an artificial being, existing only in
I am Lyosha [343]

Answer:

The correct word for the blank space is: Revised Model Business Corporation Act.

Explanation:

The United States corporate laws are regulated by the Model Business Corporation Act (MBCA). The Act was born as a need for disambiguation of liabilities incurred by corporations where it was not clear if owners were personally liable for debts of the organization. Nowadays, the Revised Model Business Corporation Act (RMBCA) rules that concept and adopted some other features to bring clarity when it comes to corporate obligations.

8 0
3 years ago
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