Southern california publishing company is trying to decide whether to revise its popular textbook, financial psychoanalysis made simple. the company has estimated that the revision will cost $75,000. cash flows from increased sales will be $21,200 the first year. these cash flows will increase by 3 percent per year. the book will go out of print four years from now. assume that the initial cost is paid now and revenues are received at the end of each year. if the company requires a return of 8 percent for such an investment, calculate the present value of the cash inflows of the project. (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

Identify at least 3 body language messages that project a positive attitude