UNIT 10 study guide - It is the reduction in value of an...

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UNIT 10 1) PPE is under long term assets - Trademarks- A symbol, word, or words legally registered or established by use as representing a company or product. - Copyrights - The exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same - Patents - - Goodwill - the amount of extra money someone will pay to get property, product - AMORTIZATION OF AN INTANGIBLE ASSET - Amortization expense appears on the Income Statement as an expense.
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Unformatted text preview: - It is the reduction in value of an intangible during one period - Amortization simply reduces the value of the asset on the Balance Sheet, (unlike depreciation) 7) Given net income for a period, the shares outstanding at the end of the period, the price paid per share, calculate the Earnings per share (EPS) for the period, and the Price/Earnings (P/E) ratio EPS: net earnings/ shares outstanding P/E ratio: purchased at…/ EPS...
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