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const2013 [10]
3 years ago
14

West Coast Growers incurs the following costs during the year related to the creation of a new disease-resistant tomato plant. S

alaries for R&D $ 540,000 Depreciation on R&D facilities and equipment 145,000 Utilities incurred for the R&D facilities 7,000 Patent filing and related legal costs 27,000 Payment to another company for part of the development work 13,000 What amount should West Coast Growers report as research and development (R&D) expense in its income statement?
Business
1 answer:
posledela3 years ago
5 0

Answer:

Explanation:

Salaries R&D $540,000

Depreciation on equipment 145,000

Utilities incurred 7,000

Payment for development work 13,000

R&D expense 705,000

*Paten filing and related legal costs are recorded to patent intangible asset account

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Kathy Bates has just moved into a condominium complex of 60 units. The complex has a swimming pool, and a management company tak
ozzi

Answer:

special assessment

Explanation:

Special assessments are taxes levied on real estate to fund public improvements to the property that will benefit that property.

It is also called improvement taxes.

6 0
3 years ago
Steve feels relief when a client cancels. His attendance at staff meetings is irregular and he tends to psychologically withdraw
AysviL [449]

Answer:T

The correct answer is option (c) Emotional

Explanation:

From the given question, Steve is suffering from emotional burnout

Steve is experiencing or having an Emotional type of burnout, this type of burnout comes if the employee were required by relatives,organization family.

Steve holding higher level of responsibility, that resulted emotional burn out for him.

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3 years ago
In a manufacturing business, the ________ transforms finished goods into cash.
Rzqust [24]
Raw materials transform finished goods into cash.
5 0
3 years ago
Provincial Inc. reported the following before-tax income statement items: Operating income $ 520,000 Loss on discontinued operat
geniusboy [140]

Answer:

$176,800

Explanation:

Operating income ×income tax rate

$520,000 × 34% = $176,800

Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.

4 0
3 years ago
Read 2 more answers
The W. J. Clinton Company issued 750 shares of $1 stated value common stock in exchange for land from the Whitewater Investment
MrMuchimi

Explanation:

The journal entry is as follows:

Land  Dr $70,000

Additional paid in capital  $5,000

             To Common stock $75,000

(Being the common stock is issued in exchanged for cash)

The computation of the additional paid in capital is shown below:

= Common stock - the appraised value of land

where,

The common stock = 750 shares × $100 = $75,000

And, the  appraised value of land is $70,000

So, the remaining balance is

= $75,000 - $70,000

= $5,000

The $5,000 would be recorded as an additional paid in capital

4 0
3 years ago
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