Answer:
1st copyright will not be reported on balance sheet.
2nd copyright will be reported on balance sheet.
Dr Copyright (Intangible Asset) $34,000
Cr Cash $34,000
Explanation:
<u>1st Copyright</u>
If an intangible asset is internally generated, none of its costs are capitalized.
<u>2nd Copyright</u>
Acquired copyright is reported on balance sheet as an intangible asset. Company may include only outright purchase costs in the acquisition cost of an intangible asset; the acquisition cost does not include cost of internal development.
Only recognized intangible assets with finite useful lives are amortized. Recognized intangible assets having indefinite useful lives are not amortized.
The type of brokerage relationship that must be disclosed between the parties is known as Nonrepresentation.
<h3>What is a
Non-representation?</h3>
This refers to the promise that a wrong statement will not be disclosed to one party to mislead them.
Hence, this is what have to be disclosed in type of brokerage relationship between the parties.
Read more about Non-representation
<em>brainly.com/question/255459</em>
<em />
<em />
#SPJ1
<h2>Answer</h2>
Increases
<h3>Explanation</h3>
When an increase in the production cost is experienced, there are high chances that the supply will be affected significantly. With increased costs, in this scenario, less wheat is supplied, rending the wheat supply curve to shift inwards. An inward shift of the wheat supply curve will result in decreased supply and since less supply has to met more demand, so price will rise, thus an increased equilibrium price is attained.
Ashton’s marketing consultant advises against this idea because of the downtown area’s level of competition.
<h3>What set the level of competition?</h3>
The conditions that is known to determine the level of competition in a given market at a particular area is said to be the number and the size of buyers and sellers.
There are different types of competition in a free market system. They are:
- Perfect competition
- Monopolistic competition
- Oligopoly
- Monopoly.
Learn more about level of competition from
brainly.com/question/1263388