The following are selected 2019 transactions of Bramble Corporation. Jan. 1 Purchased a small company and recorded goodwill of $177,000. Its useful life is inderinite. May 1 Purchased for $144,000 a patent with an estimated useful life of 6 years and a legal life of 19 years. Prepare necessary adjusting entries at December 31 to record amortization required by the events above. (Dt no entry is reguired Select "No entry-for the account titles and enter 0 for the amounts·?dit account titles are automaticary indented when amount is entered. Do not Indent manually) Date Account Tties and Explanatlion Debit Credit Dec. 31 To record goodwill amortisation) Dec. 31 To record patent amortisation)
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Business, 22.06.2019 01:20
All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a
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Business, 22.06.2019 12:30
Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented
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Business, 22.06.2019 12:50
There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration
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The following are selected 2019 transactions of Bramble Corporation. Jan. 1 Purchased a small compan...
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