Using the acquisition method, a company acquires all of the shares of stock of another company. in-process research and development is present and estimated to have a $300,000 fair value. how would you account for these costs? always expense these costs at the acquisition dateexpense these costs unless such costs represent assets with alternative future userecognize these costs as an intangible asset and amortize the cost over a reasonable liferecognize these costs as an intangible asset and test for impairmentthese costs have no impact on the purchase.

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Atrough in the business cycle occurs when

Which of these is an example of innovation?