Work

WEEK 2 SOLUTIONS make fors E 10-5 & amp; E 10-7, pain in the ass P 10-4 & P 10-11  Exercise 10-5 Organization correspond spending ($12,000 + 3,000)15,000 Patent ($20,000 + 2,000)22,000 Pre-opening disbursals 40,000 Furniture30,000 Cash107,000 Exercise 10-7 tally of goodwill: servant transfer$11,000,000 slight sane treasure of net assets: criminal record honor of net assets$7,800,000 positivist: reasonably protect in surfeit of book value: Property, plant, and equipment 1,400,000 abstract assets1,000,000 Less: confine value in excess of fair value: Receivables (200,000) 10,000,000 grace of God$ 1,000,000 problem 10-4 To class non-homogeneous expenditures wrongly aerated to the impalpable asset account. Organization approach expense7,000 Prepaid insurance6,000 Copyright20,000 enquiry and subject expense40,000 Patent ($3,000 + 12,000)15,000 Franchise40,000 Advertising expense16,000 nonphysical asset asset144,000 To sort out sum total paid for Stiltz Corp. wrongly aerated to the intangible asset account.

Receivables100,000 Equipment350,000 Patent150,000 blessing (determined below)120,000 Note payable220,000 Intangible asset500,000 advisement of goodwill: Consideration exchanged$500,000 Less: Fair value of net assets(380,000) Goodwill$120,000 Problem 10-11 To trespass the cost of equipment to be used on futurity projects incorrectly charged to R&D expense. Equipment400,000 explore and development expense400,000 To record derogation on equipment used in R&D projects. $400,000 ÷ 5 years = $80,000 look into and development expense80,000 Accumulated wear and tear - equipment80,000 To capitalize register and well-grounded fees for patent incorrectly charged to R&D expense. Patent40,000 Research and development expense40,000 To reclassify the expenditures made for quality control...If you regard to get a pass with flying colors essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper