ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 14

17) One factor that is not considered in determining the useful life of
an intangible asset is
18) In 2015, Edwards Corporation incurred research and
development costs as follows:
Materials and equipment
$110,000
Personnel
130,000
Indirect costs 150,000
$390,000
These costs relate to a product that will be marketed in 2016. It is
estimated that these costs will be recouped by December 31, 2018.
The equipment has no alternative future use. What is the amount of
research and development costs that should be expensed in 2015?
19) The carrying value of an intangible is
20) Under current accounting practice, intangible assets are
classified as
21) The statement of changes in equity has columns for each of the
following except:
22) The pre-emptive right of a common stockholder is the right to
23) Total stockholders' equity represents
24) The issuer of a 5% common stock dividend to common
stockholders should transfer from retained earnings to paid-in capital
an amount equal to the
25) Which of the following features of preferred stock makes it more
like a debt than an equity instrument?
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ACC 304 Final Exam Part 2 (2 Sets)