subject
Business, 16.08.2021 14:30 ErrorNameTaken505

Broker is involved in developing new products and has spent 15 millions on acquiring a patent for the development. The initial investigation phase of the project cost and additional 6 million whereby it was determined that the future feasibility of the product was guaranteed. Subsequent expenditure incurred on the product was 8 million, a further 1 million was spent on marketing and 0.5 million on training staff on how demonstrate the use of the product. At the reporting date the product had not yet been completed. Explain how should account for the expenditure in its financial statements.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:00
The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january
Answers: 1
question
Business, 22.06.2019 09:00
Drag the tiles to the correct boxes to complete the pairs.(there's not just one answer)match each online banking security practice with the pci security requirement that mandates it.1. encrypting transfer of card data2. installing a firewall3. installing antivirus software4. assigning unique ids and user namesa. vulnerability management programb. credit card data protectionc. strong access controlsd. secure network
Answers: 3
question
Business, 22.06.2019 09:20
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
question
Business, 22.06.2019 14:00
Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?
Answers: 1
You know the right answer?
Broker is involved in developing new products and has spent 15 millions on acquiring a patent for th...
Questions
question
Mathematics, 29.05.2020 14:58
question
Mathematics, 29.05.2020 14:58
question
Biology, 29.05.2020 14:58
question
Mathematics, 29.05.2020 14:58
Questions on the website: 13722360