Copy of Ch12-H - AC551IntermediateAccounting2...

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AC551 Intermediate Accounting 2 Instructur: Wendy Williams Student: Maira Bissembayeva E12-2 Cable television franchise Intangibles Music copyrights Intangibles Research and development costs Operating expenses Goodwill Intangibles Cash Assets Discount on notes payable deduction-notes payable Accounts receivable Assets Property, plant, and equipment Assets Internet domain name Intangibles Film contract rights Intangibles Customer lists Intangibles Prepaid expenses Assets Covenants not to complete Intangibles Brand names Intangibles Notes receivable Assets Investments in affiliated companies Investments Organization costs Start-up costs land Assets
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AC551 Intermediate Accounting 2 Instructur: Wendy Williams Student: Maira Bissembayeva E 12-4 1 Amortization 2008, 2009  $300,000.00  2010  $300,000.00  Net Accumulated Amortization 31-Dec-10  $600,000.00  Net patent  $900,000.00  2 Amortized amount  $35,000.00  3 Expenses 2008  $275,000.00  2010 when they incurre 4 No amortization because there is  no identified life.
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AC551 Intermediate Accounting 2 Instructur: Wendy Williams Student: Maira Bissembayeva E12-5 Debit 4-Jan Research and development costs  $940,000.00  5-Jan Legal costs to obtain patent  $75,000.00  31-Jan Payment of 7 months' rent on property leased by Hillary  $91,000.00  11-Feb Premium on common stock 31-Mar Unamortized bond discount on bonds due March 31,2030  $84,000.00  Interest expenses 30-Apr Promotional expenses related to start-up of business  $207,000.00  30-Jun Operating losses for first 6 months  $141,000.00  Intangible assets
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Credit Balance Entries  $940,000.00 
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Copy of Ch12-H - AC551IntermediateAccounting2...

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