Using the acquisition method, a company acquires all of the shares of stock of another company. in-process research and development is present and estimated to have a $300,000 fair value. how would you account for these costs?
a) always expense these costs at the acquisition date
b) expense these costs unless such costs represent assets with alternative future use
c) recognize these costs as an intangible asset and amortize the cost over a reasonable life
d) recognize these costs as an intangible asset and test for impairment
e) these costs have no impact on the purchase.

You are opening a new store and must project in your business plan the amount of inventory shrinkage. you have forecasted $1,200,000 in sales for the first year. assuming your shrinkage will be 5%, the high end of the national average, calculate the projected annual shrinkage for your business plan. you are opening a new store and must project in your business plan the amount of inventory shrinkage. you have forecasted $1,200,000 in sales for the first year. assuming your shrinkage will be 5%, the high end of the national average, calculate the projected annual shrinkage for your business plan.

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Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?