Consider the following account balances of evan mcgruder, inc., as of december 31, year 3:
accounts payable $ 112,500
retained earnings 56,200
equipment 423,100
notes payable, due year 5 344,700
common stock 207,500
accounts receivable 204,000
income tax payable 4,050
cash 97,850
required:
prepare a classified balance sheet at june 30, year 3.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation