NBJ11e_SM_ch12 - CHAPTER 12 INTANGIBLES CONTENT ANALYSIS OF...

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Unformatted text preview: CHAPTER 12 INTANGIBLES CONTENT ANALYSIS OF EXERCISES AND PROBLEMS Number Content Time Range (minutes) E12-1 Patent . (Easy) Amount to be capitalized. Determination of economic life. 5-10 E12-2 Patent . (Easy) Journal entries to record all transactions. 5-10 E12-3 Tradename . (Easy) Computation of ending carrying value. 5-10 E12-4 Start-up Costs . (Easy) Determination of amount to be expensed. 5-10 E12-5 Research and Development Costs . (Easy) Preparation of journal entry to record research and development costs. 5-10 E12-6 (AICPA adapted). Research and Development Costs . (Easy) Determination of amount charged to income. 5-10 E12-7 Research and Development . (Moderate) Determination and justification of R&D activities. 5-10 E12-8 Research and Development . (Moderate) Determination and justification of current period R&D costs. 5-15 E12-9 Intangibles . (Easy) Computation of amortization expense. 10-15 E12-10 Tradename . (Easy) Preparation of journal entry to record impairment. IFRS differences. 10-20 E12-11 Goodwill . (Moderate) Preparation of journal entry to record impairment. 15-20 E12-12 Goodwill . (Easy) Computation with fair values of assets given. 10-15 P12-1 Intangibles . (Moderate) Patent, franchise, rights to a novel. Journal entries to record transactions and amortization. 20-30 P12-2 Intangibles . (Moderate) Franchise, tradename, copyright. Journal 20-30 12-1 entries to record transactions and any amortization. P12-3 Classification of Intangibles . (Challenging) Adjusting journal entries to correctly classify intangibles. 20-30 P12-4 Patents . (Challenging) Adjusting journal entries to correct the patent account. 15-20 12-2 Number Content Time Range (minutes) P12-5 Patents . (Moderate) Journal entries to record various transactions. Purchase, costs of improving, legal fees, licensing, royalty receipt. 20-30 P12-6 (AICPA adapted). Research and Development . (Moderate) Determination of amount charged to income. Materials used, equipment acquired, personnel, consulting fees, indirect costs. IFRS differences. 10-20 P12-7 Intangibles . (Moderate) Straight-line (to nearest month) amortization method. Patent, franchise, R&D costs, tradename, goodwill. Journal entries. 20-30 P12-8 Copyright . (Moderate) Journal entries to record various events. Production, sales, royalties. 15-20 P12-9 Research and Development . (Challenging) Preparation of the financial statements according to GAAP. Return on assets....
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NBJ11e_SM_ch12 - CHAPTER 12 INTANGIBLES CONTENT ANALYSIS OF...

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