Answer:
C) Sales returns.
Explanation:
A sales return is an actual return of merchandise inventory by a customer for any reason. The sales return account is a contra sales account, due to its debit nature it is adjusted into the sales value to calculate net sales. As the sales were recorded by the Tom's Textiles so, the return will be classified as sales return.
Answer:
b) Acquire a local design firm in the host.
Explanation:
The limitations with related to the greenfield, sponsored, mergers and JVs is that they dont give any assurance of 100% control and the ownership should be considered for the intellectual property
Now if one could select for the acquistion purpose that means they have the overall control and the ownership
So the above should be the answer
Answer:
11.66 million
Explanation:
Annual Amortization Expense:
= Cost of acquiring at the beginning of the year ÷ 9-year life
= $42 million ÷ 9
= $4.67 million per year
Year 2021 Amortization Expense 4 Years:
= Annual Amortization Expense × 4
= $4.67 per year × 4 years
= $18.68 million
Unamortized Cost:
= Cost of acquiring at the beginning of the year - Amortization Expense 4 Years
= $42 million - $18.68 million
= $23.32 million
Patent amortization expense in 2021:
= Unamortized Cost ÷ 2
= $23.32 ÷ 2
= 11.66 million
You would need permission from a health inspector
