Suppose the cross elasticity of demand for products A and B is + 3.6 and for products C and D is –5.4. What can you conclude about how products A and B are related? multiple choice 1 A and B are substitutes. A and B are complements. There is insufficient data to draw any conclusion about A and B. What can you conclude about products C and D? multiple choice 2 C and D are substitutes. C and D are complements. There is insufficient data to draw any conclusion about C and D.

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.