jaystarr8573 jaystarr8573

16-12-2022
Business

Answered

On january 1, 2019, flip-flop inc. Purchased a trademark from cool shoe inc. For $200,000. They paid for the purchase with $100,000 in cash and $100,000 in flip-flop common stock. How would the transaction be recorded by flip-flop?.

Answer :

Other Questions

firmware inc., a new technology company, launches a virtual reality gaming system. the managers at firmware inc. want to price the product in a way that would e

percy corporation was formed on january 1. the corporate charter authorized 100,000 shares of $10 par value common stock. during the first month of operation, t

on the statement of cash flows, the cash flows from investing activities section would include a.payments for dividends b.receipts from the issuance of common s

computer world reports income tax expense of $220,000. income taxes payable at the beginning and end of the year are $54,000 and $63,000, respectively. what is

cutter enterprises purchased equipment for $72,000 on january 1, 2024. the equipment is expected to have a five-year life and a residual value of $6,000. using

vendre inc., a clothing company, spends over $2 billion annually on advertising for its various products. it gains market leadership even though other, smaller

based on the past 13 years, westerfield industrial supply's common stock has yielded an arithmetic average rate of return of 12.6 percent. the geometric average

you are considering investing in smith electronic's common stock. based on your perception of smith's riskiness, you will require a return of 8.5% on their stoc

apple corporation purchased a patent for $450,000 on september 1, 20x6. it had a useful life of 10 years. on january 1, 20x8, apple spent $99,000 to successfull

king's bank, a british company, purchases market research services from harris interactive, a u.s. company. as per the terms of the contract, payment is to be m