Business, 19.12.2019 03:31 boyancecristina
At the end of 2021, magilke is evaluating the results of the instructional business. due to fierce competition from online and television (e. g., the golf channel), the old master reporting unit has been losing money. its book value is now $410,000. the fair value of the old master reporting unit is $330,000. magilke has collected the following information related to the company’s intangible assets.
intangible asset expected cash flows (undiscounted) fair values
trade names $14,700 $4,900
copyrights 49,000 44,000
prepare the journal entries required, if any, to record impairments on windsor intangible assets. (assume that any amortization for 2021 has been recorded.) (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)
Answers: 1
Business, 21.06.2019 20:20
while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.
Answers: 2
Business, 21.06.2019 22:00
If a bond is issued at a premium the effective interest rate is most likely
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Business, 22.06.2019 12:40
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
Business, 23.06.2019 00:00
Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.
Answers: 1
At the end of 2021, magilke is evaluating the results of the instructional business. due to fierce c...
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