+61-413 786 465
info@mywordsolution.com
Home >> Accounting Basics
Titan Corporation acquired a patent on September 28, 2013. Titan paid cash of $63,000 to the seller. Legal fees of $2,000 were paid related to the acquisition. At what amount should Titan record the patent on its books?
Accounting Basics, Accounting
Question - A married couple received $7,200 of social security benefits. a - Calculate the taxable amount of those benefits if the couple's provisional income is $33,000. b - Calculate the taxable amount of those benefit ...
Question - Culver Corporation, having recently issued a $20,075,700, 15-year bond issue, is committed to make annual sinking fund deposits of $625,000. The deposits are made on the last day of each year and yield a retur ...
Accounting Question - Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials $72,000 Direct labor $36,500 Varia ...
Question - Explain legislation and statutory requirements and industry codes of practice including(Australia): Consumer credit code Privacy act Credit act Financial transaction reports act Corporations act (including acc ...
Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...
Question - Dillon Corporation manufactures computer monitors. The company uses a job order costing system, using a plant-wide rate for allocating overhead costs. The current cost method allocates overhead on the basis of ...
Question - On July 1, 2016, Alpha Company purchased for $70,000, equipment having a service life of eight years and an estimated residual value of $10,000. Alpha has recorded depreciation of the equipment using the strai ...
Question - Concord Corporation had 807000 shares of common stock outstanding on January 1, issued 121000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 50000 shares on November 1. Th ...
Question - Maggie Vitteta, single, works 38 hours per week at $14.00 an hour. How much is taken out for federal income tax with one withholding exemption?
Question - During the past few years, ABC Company has taken out the following loans from the bank: 1. On August 1, 2017, ABC Company borrowed $18,000 on a 9%, 11-month note payable. 2. On February 1, 2018, ABC Company bo ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As