Business, 22.04.2020 03:19 silly82

Pribuss Engineering prepares its financial statements according to International Financial Reporting Standards. During the year, the company incurred the following costs related to a new product design: Research for new pump design $ 2,400,000 Development of the new product 1,300,000 Legal and filing fees for a patent for the new design 52,000 Total $ 3,752,000 The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the current fiscal year. What amount should Pribuss expense in its current-year income statement related to the above expenditures?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 08:00

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.

Answers: 2

Answer

Business, 23.06.2019 14:20

Suppose a mutual fund qualifies as having moderate risk if the standard deviation of its monthly rate of return is less than 3%. a mutual-fund rating agency randomly selects 27 months and determines the rate of return for a certain fund. the standard deviation of the rate of return is computed to be 2.19%. is there sufficient evidence to conclude that the fund has moderate risk at the alpha equals 0.05 level of significance? a normal probability plot indicates that the monthly rates of return are normally distributed.

Answers: 2

Answer

Business, 23.06.2019 21:30

If the price of walnuts rises, many people would switch from consuming walnuts to consuming pecans. but if the price of salt rises, people would have difficulty purchasing something to use in its place. these examples illustrate the importance of

Answers: 3

Answer

Business, 23.06.2019 22:00

How do public goods limit a free market economy? a. they allow consumers to make only occasional economic decisions. b. they allow government to make some economic decisions. c. they allow consumers to make all of the economic decisions. d. they do not allow government to make any economic decisions.

Answers: 1

Answer

You know the right answer?

Pribuss Engineering prepares its financial statements according to International Financial Reporting...

Questions