Chapter 12 final - Chapter 12 part 1 initial submission...

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Chapter 12 part 1 initial submission (questions 18,23,BE12-1, BE12-2, E12-1, E12-2) due toda 18) 40,000 goodwill recorded goodwill fair value of assets 23) research and dev cost 585,000 materials and supplies compensation paid BE12-1 1-Jan Patent 54,000 Cash 54,000 BE12-2 Patent amortization expense 24,000 Patent 24,000 E12-1 a) 10,13,15`,16,17,19,23 b) 1) Longterm investments in the balance sheet 2) property, plant and equipment in the balance sheet 3) research and development expense in the income statement 4) current asset( prepaid rent) in the balance sheet 5) Property, plant and equipment in the balance sheet 6) research and development expense in the income statement 7) charge as expense in the income statement. 8) operating losses in the income statement 9) charge as expense in the income statement 11) Not recorede; any cost related to creating goodwill incurred internally must be expe 12) research and development expense in the income statement 18) research and development expense in the income statement
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Chapter 12 final - Chapter 12 part 1 initial submission...

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