Presented below is information related to copyrights owned by Oriole Company at December 31, 2020.
Cost $8,520,000
Carrying amount 4,410,000
Expected future net cash flows 3,910,000
Fair value 3,320,000
Assume that Oriole Company will continue to use this copyright in the future. As of December 31, 2020, the copyright is estimated to have a remaining useful life of 10 years.
Prepare the journal entry to record the impairment of the asset at December 31, 2020. The company does not use accumulated amortization accounts
Answers: 3
Business, 22.06.2019 12:20
Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:
Answers: 3
Business, 22.06.2019 16:40
Based on what you learned about time management which of these statements are true
Answers: 1
Business, 22.06.2019 17:40
Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.
Answers: 2
Business, 22.06.2019 20:20
Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.
Answers: 2
Presented below is information related to copyrights owned by Oriole Company at December 31, 2020....
Business, 21.10.2020 03:01
Chemistry, 21.10.2020 03:01
History, 21.10.2020 03:01
Mathematics, 21.10.2020 03:01
English, 21.10.2020 03:01
Physics, 21.10.2020 03:01
Biology, 21.10.2020 03:01
History, 21.10.2020 03:01
Mathematics, 21.10.2020 03:01
Advanced Placement (AP), 21.10.2020 03:01
Spanish, 21.10.2020 03:01
Physics, 21.10.2020 03:01