Questions
You have been examining the books of a new client. Included on their previously unaudited financial...

You have been examining the books of a new client. Included on their previously unaudited financial statements was a balance of $299,032 for a long-term Patent as of 12/31/2017. When examining the ledger, you found these entries:

  • An “acquisition” entry of $274,982:
  • Legal costs incurred in the preparation of the application for the patent: $6,450 during 2016
  • Leal costs incurred in successfully defending the validity of the patent: $17,600 during 2017
  • There have been no amortization expenses reported for the patent. There were no other entries to the account during 2018.

    In discussions with the president of the firm, you learned that this patent was developed by an employee specifically hired to work on the development of the president’s initial concept for the product. After 3 years of work, the patent was granted at the end of 2016. The patented product has resulted in a 50% increase in sales from 12/31/2016 to 12/31/2018. The president expects the product to continue being very marketable over the company’s 3 year strategic plan from 2018 through 2020.

    Instructions: As the outside auditor for the company, prepare a memo as of 12/31/2018 to the president of the company discussing:

  • The GAAP rules governing the accounting of patents, using appropriate citations from the codification. (Provide the appropriate references to the FASB Codification. Do NOT copy and paste the codification sections.)
  • The previous mistakes in accounting for the patent. Suggest correcting journal entries, if appropriate.

In: Accounting

Respond to the following in a minimum of 175 words: Once the strategies are in place,...

Respond to the following in a minimum of 175 words:

Once the strategies are in place, employees must support the strategies. Discuss the critical soft skills for success in global roles. What are the methods for acquiring employees with those “soft skills?

In: Operations Management

Please explain the archaeological record of "man the hunter," as we understand it; including the adaptation...

Please explain the archaeological record of "man the hunter," as we understand it; including the adaptation to life using bipedalism (defining it), the sexual division of labor (and why it occurred). Please explain two types of bias that feminist anthropologists identified in the "Man the Hunter" theory of human evolution: ethnocentrism and androcentrism. Define these terms and explain why and how they are biased. How can these biases provide an inaccurate picture of the diversity of gender roles and relations in various prehistorical societies? However, if we concentrate on "Woman the Gatherer," would we experience similar problems as we did in concentrating on solely "Man the Hunter?" Explain what is meant by this.  

Renzetti Curran Maier "Women, Men, and Society" book.

In: Psychology

My question is little bit philosophical. I would like to explain my ideas with a 2...

My question is little bit philosophical. I would like to explain my ideas with a 2 dimensional universe model.

If we had lived in 2 dimensional universe like a plane, What could we observe when seeing a 3d object?

For example: If a square pyramid that is inside full of material comes to the plane universe in right angle, what could the people who live in 2d universe observe? Firstly, we could see small square and slowly it would enlarge and then it would dissappear suddenly. If the scientists who live in the 2d universe observed such event , All scientists could get shocked and they could check their physics formulas because energy is not conversed in that event. They had believed that Energy is conserved and nobody could create energy from nothing and finally they could understand that total observed universe energy can be much more what they calculated with their formulas.

My questions:

What could we see a 4d pyramid comes to our 3d universe? is it correct that Firstly we would see small cube and it would enlarge and then suddenly disappears?

Dark matter and Dark energy is related with such ideas? http://map.gsfc.nasa.gov/universe/uni_matter.html

I know we do not observe such strange events till now but maybe scientists can get some results during micro experiments. Is there any such experimental results at least in micro universe (atomic level experiments in quantum mechanics)?

Sorry for your time if it was asked before.

In: Physics

Give a brief description of two psychological disorders that are common in your community. Justify the...

Give a brief description of two psychological disorders that are common in your community. Justify the relevance of drug therapy and psychological therapy.

In: Psychology

For each of the baseband signals: (i) ?(?) = cos 1000?; (ii) ?(?) = 2 cos...

For each of the baseband signals: (i) ?(?) = cos 1000?; (ii) ?(?) = 2 cos 1000? + cos 2000?

(a) Sketch the spectrum of m(t).

(b) Sketch the spectrum of the DSB-SC signal ?(?) cos 10000?.

(c) Identify the upper sideband (USB) and the lower sideband (LSB) spectra.

(d) Identify the frequencies in the baseband, and the corresponding frequencies in the DSB-SC, USB, and LSB spectra. Explain the nature of frequency shifting in each case.

In: Electrical Engineering

Thomas Sowell's (1987) writings from his book, A Conflict of Visions: Ideological Origins of Political Struggles,...

Thomas Sowell's (1987) writings from his book, A Conflict of Visions: Ideological Origins of Political Struggles, speaks to the significant differences associated with constrained and unconstrained visions.

Please take some time to consider the following - if someone retains a constrained vision, how important are cultural traditions? How does someone with an unconstrained vision view the role of cultural traditions?

And finally, why is this important to a student of critical thinking? Consider when you are interacting with another person - trying to sort out their position, beliefs, etc.

In: Operations Management

Landscaping ​Equipment's accountants assembled the following data for the year ended June ​30, 2018. Net income....

Landscaping ​Equipment's accountants assembled the following data for the year ended June ​30, 2018.

Net income. . . . . . . . . . . . . . . . . .

$60,000

Purchase of equipment

Proceeds from issuance of

with cash. . . . . . . . . . . . . . . . . .

$35,000

common stock. . . . . . . . . .

8,000

Decrease in current liabilities. . . . . . .

2,000

Payment of dividends. . . . . . . . . .

6,400

Payment of long-term

Increase in current assets

note payable. . . . . . . . . . . . . . .

33,000

other than cash. . . . . . . . .

33,000

Proceeds from sale of land. . . . . . . . .

63,000

Purchase of treasury stock. . . . . .

6,000

Depreciation expense. . . . . . . . . . . . .

22,000

Prepare Landscaping ​Equipment's statement of cash flows for the year ended June ​30, 20182018​, using the indirect method. The cash balance for Landscaping ​Equipment, Inc., at June​30, 2017​, was $ 21,000.

Begin by completing the cash flows from operating activities.

Landscaping Equipment, Inc. Statement of Cash Flows Year Ended June 30, 2018

Cash flows from operating activities:

Adjustments to reconcile net income to

net cash provided by operating activities:

Net cash provided by (used for) operating activities

In: Accounting

The American Heart Association is about to conduct an anti-smoking campaign and wants to know the...

The American Heart Association is about to conduct an anti-smoking campaign and wants to know the fraction of Americans over 42 who smoke.

Step 2 of 2:

Suppose a sample of 897 Americans over 42 is drawn. Of these people, 637 don't smoke. Using the data, construct the 95%confidence interval for the population proportion of Americans over 42 who smoke. Round your answers to three decimal places.

In: Math

Please write a Java program using a for loop with a switch statement to enter 5...

Please write a Java program using a for loop with a switch statement to enter 5 quiz scores. Each should be out of ten points and give the corresponding grade A, B , C etc.

In: Computer Science

Two positive charges of 1.5e-10 C are placed on the x axis at distances +12 cm...

Two positive charges of 1.5e-10 C are placed on the x axis at distances +12 cm and -12 cm from the origin, respectively. A third positive charge of 5e-11 C can be moved along the y axis. At what value of y the electrostatic force on the third charge is maximal?

In: Physics

A supply line carries a two-phase liquid-vapor mixture of steam at 20 bars, state 1. A...

A supply line carries a two-phase liquid-vapor mixture of steam at 20 bars, state 1. A small fraction of the flow in the line is diverted through a throttling calorimeter and exhausted to the atmosphere at 100 kPa. The temperature of the exhaust steam, state 2 is measured as 373 K. Determine (a) the quality at the exit in %

In: Mechanical Engineering

write a c program that asks the user to enter any two intger numbers and each...

write a c program that asks the user to enter any two intger numbers and each number consist of four digits. your program should check whether the numbers are four digits or not and in case they are not a four digit number the program should print a message and exit otherwise it should do the following print a mnew as follows   

select what you want to do with the number 1-3:

1-print grreatest common divisor (gcd)of the two numbers

2-print sum of odd digits of each number

3-print relation of odd sum of digits larger/smaller/equal

In: Computer Science

Identify three voluntary benefits an employer can provide to employees, describing the benefit and indicating why...

Identify three voluntary benefits an employer can provide to employees, describing the benefit and indicating why it is important to employees. Indicate how these benefits can assist and organization is attracting and/or retaining employees.

In: Operations Management

Two aeroplanes with the same specification each that has an engine rotates at 2000 rpm with...

Two aeroplanes with the same specification each that has an engine rotates at 2000 rpm with the moment of inertia for all rotating parts is 420 (kg)(m^2). The engine rotates anti-clockwise when viewed from the front. One of the aeroplanes turn to the left and the other turn to the right. Compare the magnitude and effect of the gyroscopic action resulting on the plane if the turning radius is 2000 m at a speed of 2000 km/h.

In: Mechanical Engineering