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Damm [24]
3 years ago
5

The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here.

Business
1 answer:
fredd [130]3 years ago
5 0

Answer:

Journal entries to record the 2023 amortization expense for intangible assets.

Date        Accounts Titles and Explanation       Debit       Credit

Dec 31     Amortization Expense—Patents         $14,180

              ($71,800*1/10 + $45,000 * 1/9

                + $40,000*1/10*6/12)

                           Patents                                                       $14,180  

               (To record amortization of patents)    

Dec 31     Amortization Expense - Copyrights    $6,335

               ($50,500*1/10 + $257,000*1/50*3/12)

                         Copyright                                                       $6,335

               (To record amortization of copyrights)

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Answer:

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Explanation:

As given in the question

Face value of bond = $400,000

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8 0
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Richard has $500.00 to invest, but he is willing to borrow money to increase the size of his investment. How much should Richard
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Answer:

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Explanation:

Let us assume the x for invested in portfolio

Invested proportion × expected return of the optimal portfolio + (1 - invested proportion) × risk free rate = expected return

x × 7% + (1 - x) × 3% = 8%

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8 0
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