11 ) Where is debt callable by the creditor reported on the debtor ' s financial statements ?
12 ) Sawyer Company self-insures its property for fire and storm damage . If the company were to obtain insurance on the property , it would cost them $ 1,500,000 per year . The company estimates that on average it will incur losses of $ 1,200,000 per year . During 2014 , $ 525,000 worth of losses were sustained . How much total expense and / or loss should be recognized by Sawyer Company for 2014 ?
13 ) A liability for compensated absences such as vacations , for which it is expected that employees will be paid , should
14 ) On September 1 , Horton purchased $ 13,300 of inventory items on credit with the terms 1 / 15 , net 30 , FOB destination . Freight charges were $ 280 . Payment for the purchase was made on September 18 . Assuming Horton uses the perpetual inventory system and the net method of accounting for purchase discounts , what amount is recorded as inventory from this purchase ?
15 ) What is a discount as it relates to zero-interest-bearing notes payable ?
16 ) Which of the following legal fees should be capitalized ? 17 ) Which of the following costs of goodwill should be amortized over their estimated useful lives ?
18 ) MaBelle Corporation incurred the following costs in 2015 : Acquisition of R & D equipment with a useful life of 4 years in R & D projects $ 800,000 Start-up costs incurred when opening a new plant 140,000 Advertising expense to introduce a new product 700,000 Engineering costs incurred to advance a product to full production stage 500,000