On december 1, year 1, jack's snow removal company received $12,000 of cash in advance from a customer and promised to provide services for that customer during the months of december, january, and february. how will the year 1 year-end adjustment to recognize the partial expiration of the contract impact the elements of the financial statements model?

Which of the following is not a consideration when determining your asset allocation

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?