Answer:
Explanation:
The question is asking fro the Reporting of the two copyrights in Skysong's balance sheet as at December 31,2020
Assumption: The first copyright was developed internally while the second copyright was purchased from the University Press
<u>Based on this assumption, therefore, </u>
For Copyright one: Since it was developed internally, it will not reflect in the balance sheet, it will not be recognized as an asset because it does not have any separate legal rights different from the organisation that developed it. As such it will be recorded in the Income statement as an expense
For Copyright two: This is an intangible asset with an indefinite number of useful life. Hence, $32,000 will be reported in the balance sheet as an intangible asset but the cost will only be tested for impairment and not amortized.
Answer:
The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.
A. debit, $500,000
Explanation:
Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.
Euros 512100
dólar 1 1,0242 euros
x 512100 euros
x= 500.000
Answer:
Customer and Product Margin under Activity-based Costing and Traditional Costing
True Statements:
1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.
2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.
Explanation:
Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs. In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders. Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.
Product Margin is the profit margin generated per product. It is the markup on the cost of the product. It shows the difference in amount between the selling price and the manufacturing cost. Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.
Explanation:
According to the accounting cost method , the reissuance of the treasury stock would be credited to the additional paid in capital which represents the remaining amount i.e deduct $120,000 from the $190,000
And, the net income for the year 6 is
= Increase in assets - Increase in liabilities - Increase in capital stock - Increase in additional paid in capital + Dividend payment
= $356,000 - $108,000 - $240,000 - $24,000 + $52,000
= $36,000
Answer:
B
Explanation:
because if you raise it high enough you can get less people to buy seen it in a lot of places
