The founder of alchemy products, inc., discovered a way to turn lead into gold and patented this new technology. he then formed a corporation and invested $100,000 in setting up a production plant. he believes that he could sell his patent for $24 million.
a. what are the book value and market value of the firm?
b. if there are 1 million shares of stock in the new corporation, what would be the price per share and the book value per share?

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.