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Monday, August 12, 2013

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.
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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

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