BE 11.13 – Athens Software
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given useful life, total revenues, the revenue of year two, and development cost.. prepare the journal entry and amortization.
Given useful life, total revenues, the revenue of year two, and development cost.. prepare the journal entry and amortization.
Find the depreciation on the building.
What amount of impairment loss should the company recognize? Experts Have Solved This Problem Please login or register to access this content.
Prepare the journal entries to record Lance Brothers’ investment in the bonds, and record interest at the effective (market) rate.
EARNS PROFITS ON SHORT TERM: What pretax amounts did the company include in its net income?
VERSION: “Expects to earn a profit on short-term”. Read carefully. Gives the cost purchased, cost of sold bonds, the fair value of bonds. Asks for journal entries for three different dates.
AVAILABLE FOR SALE: Find what pretax amounts did the company include in its net income for the years.
VERSION: “Classifies as Available for Sale”. Read carefully. Gives the cost of bonds purchased, cost of bonds sold, and fair value. Asks for the journal entries.
Given the acquired cost, the fair value for two years, and the amortized value for two years… find the investment amount for the balance sheet and the adjustment entry.
Given the percent of stock purchased, purchase price, income earned, the dividend paid, and fair value they ask you to prepare journal entries for the investment.