1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alinara [238K]
3 years ago
10

The general ledger of Sandhill Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 58000 Deposits

with advertising agency (will be used to promote goodwill) 35000 Discount on bonds payable 78000 Excess of cost over fair value of identifiable net assets of Acquired subsidiary 560000 Trademarks 69000 In the preparation of Sandhill's balance sheet as of December 31, 2021, what should be reported as total intangible assets
Business
1 answer:
Dafna1 [17]3 years ago
5 0

Answer:

$687,000

Explanation:

Intangible Assets are identifiable assets of a non-monetary asset  and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.

Important to note that Internally generated Goodwill  is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets

<u>Calculation of Total Intangible Assets will be :</u>

Intangible Assets Calculation = (Copyrights) $ 58,000  + (Goodwill Acquired) $560,000 + (Trademarks) $69,000

                                                 = $687,000

Therefore,

Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000

You might be interested in
A customer buys shares of a stock that had its initial public offering 5 years ago. Which statement is TRUE regarding prospectus
Luda [366]

Answer:

A prospectus is not required because the initial public offering happened 5 years ago

Explanation:

A prospectus is a legal document which is to be filled by Securities and Exchange Commission (SEC) that reflects the details with respect to the investment offering to the public in terms of stocks, bond, mutual funds, etc

On the other hand the initial public offering is the offering done by the company for the first time to the public related to the investment

Since in the question it is mentioned that the customer purchased the shares of stock but its initial public offering is done 5 years ago so no prospectus is required

3 0
3 years ago
Carmel Corporation is considering the purchase of a machine costing $41,000 with a 8-year useful life and no salvage value. Carm
Andru [333]

Answer:

E. $20,500

Explanation:

The average investment is defined as the average between the initial investment and the salvage value of the equipment.

In this situation, Carmel Corporation had an initial investment of $41,000 for the machine and its salvage value is zero. Therefore, Carmel's average investment is:

AI = \frac{\$41,000+0}{2} \\AI = \$20,500

The answer is alternative E. $20,500

3 0
3 years ago
Currently, the yield curve is ascending. A customer believes that the Federal Reserve will start to tighten credit by raising sh
sleet_krkn [62]

Answer:

Short-selling long-term bonds and taking long position on short-term assets

Explanation:

When the yield curve ascends, the long-term bond's price will go down. Hence, do short-sell the long-term bonds. On the other hand, short-term asset's price will be depreciated because Fed tightens credit and raise short-term rate, which is the chance to purchase and make profits from capital gains.

3 0
3 years ago
Benefits are offered by employers to attract good employees.<br> a. True<br> b. False
elena55 [62]
True.
Companies offers benefits to be able to attract good employees.
As an employee I am aware that most of the employees demands for good benefits and if they no longer like the benefit offered by the company, they leave. That's why in order for a company to avoid that, they make sure to provide competitive benefits to their employees
6 0
3 years ago
Read 2 more answers
Kathy reviews her division's new marketing plan. Beyond evaluating the plan in terms of its ability to create value for the inte
Nadusha1986 [10]

Answer:

The correct answer is "Is consistent with the company's mission statement".

Explanation:

A company's mission is the reason why a company exists and is created. It states the reason for its existence, as well as indicating the activity that the company carries out. The marketing plan is strongly linked to the company's mission, to be in line with the guidelines that the company has for its workers.

Have a nice day!

4 0
3 years ago
Other questions:
  • The following three independent sets of facts relate to contingent liabilities: 1. In November of the current year an automobile
    12·1 answer
  • Kiddy Toys produced beautifully made stuffed animals that many customers wanted. However, the product was so expensive that most
    14·1 answer
  • The Topangins are a minority group in the Canary Island, with a set of preferences, attitudes, and taboos, distinct from that of
    12·1 answer
  • Education and Training !<br> Can anybody help me on this? I don’t understand ☹️...
    8·1 answer
  • Oriole’s Electronic Repair Shop started the year with total assets of $300000 and total liabilities of $208000. During the year,
    13·1 answer
  • If aggregate quantity demanded is greater than aggregate quantity supplied at a particular price level, then
    6·1 answer
  • Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe
    7·2 answers
  • Should you feel bad about quitting your job for more money when you like your job
    12·1 answer
  • Why are most economies in the world today considered mixed economies?.
    9·1 answer
  • Did you receive less than 21 weeks of an unemployment insurance benefit payment for weeks between march 15, 2020, and june 26, 2
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!