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Soloha48 [4]
2 years ago
15

Bluestone Company had three intangible assets at the end of the current year:

Business
1 answer:
ra1l [238]2 years ago
8 0

Answer:

Bluestone Company

a. The acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. The amortization of each intangible asset for the current year ended December 31:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

c. Balance Sheet as of December 31, of the current year:

Intangible Asset:

a. Patent                     $3,600

b. Trademark               8,000

c. Licensing Rights   90,000

Total Intangible      $101,600

less amortization       15,300

Net book value      $86,300

Income Statement for the year ended December 31 of the current year.

Amortization Expenses:

a. Patent                      $300

c. Licensing Rights $15,000

Explanation:

a) Data and Analysis:

a. Patent $3,600 Cash $3,600

b. Trademark $8,000 Cash $8,000

c. Licensing Rights $90,000 Cash $90,000

a. Acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. Amortization of each intangible asset:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

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During the current month, Ringling Company incurs the following manufacturing costs:
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Answer:

Part a

Debit  : Raw material $4,200

Credit : Accounts Payable $4,200

Part b

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Credit : Salaries Payable $18,000

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2 years ago
_____ is the process of having managers and employees perform new behaviors that are central to and symbolic of the new organiza
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behavioral addition

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The term that is being described within the question is known as behavioral addition. As described, this is the process in which the company wants all personnel to perform new behaviors so that the new organizational culture cements itself. This is done mainly when a company wants to steer itself towards a new goal and these behaviors will create the right mindset for all employees and managers.

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If the company can produce and sell no more than ​units, should it do​ so? A. . Since is equal to the​ break-even quantity, prod
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