P9-7A The intangible assets section of Redeker Company at December 31‚ 2011‚ is presented below. Patent ($70‚000 cost less $7‚000 amortization) $63‚000 Franchise ($48‚000 cost less $19‚200 amortization) 28‚800 * Total $91‚800 * The patent was acquired in January 2011 and has a useful life of 10 years. The franchise was acquired in January 2008 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2012. Jan. 2 Paid $45‚000
Premium Mortgage
3. Material restructuring costs are reported as an element of income from continuing operations. True False 4. Earnings quality refers to the ability of reported earnings (income) to predict future earnings. True False 5. Gains‚ but not losses‚ from discontinued operations must be separately reported in an income statement. True False 6. An item must meet
Premium Generally Accepted Accounting Principles Cash flow Income statement
1. Livingston made some mistakes initially. Describe at least two of them and provide how you would handle the situations. Livingston did make a critical mistake initially of choosing the project manager from a different department. So that was one of the mistakes that he had made. With choosing a project manager‚ from a different department Livingston is looking at possible resentment arising from of all functional departments. Although Livingston’s did make the right move of appointing a project
Premium Project management
Transactions Accounting Principles General Journal Cash Account Purchases ledger Sales ledger General ledger Trail Balance Jan 1 Started business by borrowing a loan of $50 000 from the Centrex Commercial Bank which was invested into the business along with his personal savings of $50 000. The loan carries an interest rate of 12% per annum. The following transactions took place during the year. 1 Purchased the following assets and paid for them by cash: Furniture and Fittings
Premium Generally Accepted Accounting Principles Accounts receivable Invoice
taxes on capital gains but pay a tax of 30% income tax on dividends. What is the value of the dividend that investors expect corporation B to pay one year from today? ANSWER 8. The government revises(MEANS DECREASE) the capital gains tax rate to 5%‚ which represents a substantial cut in the rate for the vast majority of investors. How would you expect this change to impact on: i) the ex-dividend price movement of shares ii) investor preferences for share repurchases ANSWER 9. Consider
Premium Investment Bond Stock
Week 6 Contributions of Enterprise Systems IT/205 Enterprising systems are large-scale systems including application software packages that use data storage‚ data transmission powers of modern information technology to support business processes‚ data flow‚ reporting‚ and data analytics within and between organizations. Enterprising systems will have major impact on a business whether it fail or succeed systematically. Enterprising systems support an organization company-wide and not just a single
Premium Application software System software Computer software
the firm pay to shareholders during the year? Enter your answer in dollars. For example‚ an answer of $1.2 million should be entered as 1‚200‚000. 55‚000‚000 Prev retain 791 + net income 30 = 856 856 - Retain earnings 800 = 56‚000‚000 dividends 5. CORRECT The Wendt Corporation had $11.5 million of taxable income. a. What is the company’s federal income tax bill for the year? Enter your answer in dollars. For example‚ an answer of $1.2 million should be entered as
Premium Stock market Generally Accepted Accounting Principles Finance
Exp 105 Week 5 Final Paper During our final chapter‚ we discussed the four stages of the learning cycle. The four stages of transformational learning are as follows: recognizing a significant problem‚ confronting it intensely‚ finding a solution‚ then integrating a new perspective and a new set of assumptions into ones’ life pattern. I think that a lot of times people go through life not realizing when they have a problem. Therefore‚ acknowledging your problem is most definitely the first step
Premium Marriage English-language films
Today’s business environment is becoming increasingly complex. Companies are new constantly implementing new technologies processes to help with output and efficiencies. With every technology and process the correct controls must be put in place. In addition to these self implemented tools‚ companies are under increased government regulation to validate their internal processes and controls. All of this activity needs a point person. That point person is the internal auditor. The purpose of this
Premium Auditing Internal control Internal audit
IS4231 INFORMATION SECURITY MANAGEMENT 05 Developing the Security Program Objectives 2 • Upon completion of this material you should be able to: – – – Explain the organizational approaches to information security List and describe the functional components of an information security program Determine how to plan and staff an organization’s information security program based on its size IS4231 – 05 Developing the Security Program Objectives (cont’d.) 3 • Upon completion
Premium Management Security Information security