g According to his accountant, the Bug Wing annually is responsible for $1,300 in revenue, $1,100 in variable costs, $100 in traceable fixed costs, has 500 customer visits, and $50 of allocated common fixed costs. Blathers also knows if the (disgusting) Bug Wing is closed, all 500 customers will stop coming to the museum entirely. 150 of those customers also pay to visit the Fossil Wing. The Fossil Wing annually has $1,600 in revenue, $800 in variable costs, $400 in traceable fixed costs, has 400 customers, and $200 in allocated common fixed costs. How much would Blathers' Museum NOI increase (decrease) if the Bug Wing is dropped

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?