Fuzziwig's Candles has two intangible assets. Information concerning each is provided in the following table:
Goodwill
Trademark
Date of purchaseJune 30, 2019
January 1, 2019
Cost$500,000
$250,000
Legal lifeNone
10 years
Useful life40 years
5 years
Calculate the amount of amortization expense that should be reported for 2019.
What will be an ideal response?
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Derek and Abyan were discussing business over lunch when they agreed on the sale of a five-acre parcel of land. Since neither of them had any paper with them, Derek wrote the following on a napkin: "Abyan agrees to purchase from Derek a 5-acre parcel located at the local address of 123 105th Street, St. Joseph, Minnesota, U.S.A. for the price of $4,500 per acre. Transfer of title, payment, and
possession to take place on May 1, 2011." Abyan signed the napkin. On May 1, 2011, Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price. If Derek sues Abyan for the price of the land, the most likely result will be: A) Abyan will win because the writing is not sufficient under the statute of frauds. B) Derek will win because the writing is sufficient under the statute of frauds. C) Abyan will win because Derek did not sign the writing. D) Derek will win because the statute of frauds does not apply to this situation.
What made-to-order views can analytical CRM tools slice-and-dice customer information into?
A. Customer value. B. Customer spending. C. Customer segmentation. D. All of the above.
A private-placement memorandum is:
a. a notice to the SEC about a non-registered security sale that is occurring b. a contract signed by the buyer of an unregistered security in which they recognize they are buying risky, unregistered securities c. a notification to stock brokers about the availability of an unregistered stock offering d. a note placed in the permanent files of an unregistered security offering detailing the offer e. none of the other choices
We add an increase in interest payable to interest expense in arriving at cash paid for interest under the direct method.
Answer the following statement true (T) or false (F)