Multiple choice question 198 correct given the

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Multiple Choice Question 198
Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000
$3,500,000. $9,500,000. Multiple Choice Question 146
Bonds with a face value of $300,000 and a quoted price of 97¼ have a selling price of $292,500. $291,750. $291,006. $291,075.
Multiple Choice Question 188 Correct. Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015? $381,600 $418,400 $400,000
$420,700 Multiple Choice Question 90 Correct. S. Lawyer performed legal services for E. Corp. Due to a cash shortage, an agreement was reached whereby E. Corp. would pay S. Lawyer a legal fee of approximately $15,000 by issuing 8,000 shares of its common stock (par $1). The stock trades on a daily basis and the market price of the stock on the day the debt was settled is $1.80 per share. Given this information, the best journal entry for E. Corp. to record for this transaction is
Multiple Choice Question 110 Correct. Logan Corporation issues 50,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to Cash for $3,000,000 and a credit or credits to Preferred Stock for $2,500,000 and Paid-in Capital in Excess of Par Value—Preferred Stock for $500,000. Preferred Stock for $2,500,000 and Retained Earnings for $500,000. Preferred Stock for $3,000,000.
Paid-in Capital from Preferred Stock for $3,000,000. IFRS Multiple Choice Question 01 Correct. Jahnke Corporation issued 8,000 shares of €2 par value ordinary shares for €11 per share. The journal entry to record the sale will include a debit to Cash for €16,000.

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