U.S. GAAP and IFRS require firms to treat some or all expenditures made to internally develop brand names, customer lists, new technologies, and other intangibles
a. at fair value.
b. as expenses in the period of the expenditure.
c. as capitalized assets without amortization because of infinite lives.
d. as capitalized assets with amortization over the finite lives.
e. as capitalized assets tested annually for impairment.
B
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Laws that prohibit mislabeling of food, speeding, and sale of alcohol to minors exist primarily: A) ?for protection of the person
B) ?for protection of public health, safety, and morals. C) ?for protection of property. D) ?for protection of the state.
A factorial ANOVA is _______ analysis.
a.Univariate b.Bivariate c.Multivariate d.Exivariate
Which of the following should be considered when assessing the financial impact of business decisions?
A) The amount of projected earnings B) The risk-return tradeoff C) The timing of projected earnings; i.e., when they are expected to occur D) All of the above
Ron Smith has cumulative earnings of $110,100. This week he is paid $2,000. Assuming the Social Security rate is 6.2% on $128,400 and 1.45% for Medicare, what is the amount of Social Security and Medicare taken out of Ron's earnings?
What will be an ideal response?