Answer:
a. derives its value from the rights and privileges it provides the owner.
Explanation:
The intangible asset are those assets that cannot be touched or seen that means it does not have any physical substance
In this, the amortization expenses are recognized.
The intangible assets consist of patents, copyrights, goodwill, and other intellectual proprieties.
Moreover, it is categorized on the asset side of the balance sheet
and the operating cycle contains only days inventory outstanding + days sale outstanding so the intangible asset does not relevant.
Answer:
A.
Explanation:
Based on the answers provided it can be said that in this scenario statement "A" is true, The employee is prohibited from selling the U.S. Government bonds unless he is registered as an agent in that State. Any agent trying to sell a security in that State, needs to be registered or fall under an exemption provided from registration, and since no exemption is provided to agents of broker-dealers that offer U.S. Government securities he needs to be registered.
Answer:
Book Value Per Share = 22.55
Explanation:
given data
equity = $118,139,000
net income next year = $3,000,000
to find out
what would their Book Value be next year
solution
we know that Book Value Per Share formula that is express as
Book Value Per Share = (Share Holder Equity+ Net Income) ÷ No of Shares ..................1
we consider here book value is $22
So no of share will be = 
No of shares = 
No of shares = 5369954.545
so from equation 1 put here value
Book Value Per Share = 
Book Value Per Share = 22.55
Answer:
12,338,352 companies
Explanation:
If the companies' names can have either 4 or 5 letters, and teh letters can repeat themselves, then the total number of companies that can be listed on NASDAQ is:
4 letter names = 26 x 26 x 26 x 26 = 26⁴ = 456,976
5 letter names = 26 x 26 x 26 x 26 x 26 = 26⁵ = 11,881,376
total number of companies listed = 456,976 + 11,881,376 = 12,338,352
Answer:
Which inventory method reflects the most recent costs of inventory on the balance sheet?
LIFO
What implications might this have that would be relevant for users of the financial statements to know?
This will mean that the profitability ratios will be smaller under LIFO .
The profitability ratios include profit margin, return on assets, and return on stockholders' equity.
Explanation:
LIFO, the most recent costs of products purchased (or manufactured) are the first costs to be removed from inventory and matched with the sales revenues reported on the income statement. This means that the oldest costs remain in inventory.
