Taylor swift corporation purchases a patent from salmon company on january 1, 2017, for $54,000. the patent has a remaining legal life of 16 years. taylor swift feels the patent will be useful for 10 years. prepare taylor swift's journal entries to record the purchase of the patent and 2017 amortization.
a) assume that at january 1, 2019, the carrying amount of the patent on taylor swift's books is $43, 200.
b) in january, taylor swift spends $24,000 successfully defending a patent suit.
c) taylor swift still feels the patent will be useful until the end of 2026.
d) prepare the journal entries to record the $24,000 expenditure and 2019 amortization.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

The following information is available for juno company for the month ending june 30, 2019. * balance as per the bank statement is $ 11 comma 000. * balance as per books is $ 10 comma 400. * check #506 for $ 1 comma 200 and check #510 for $ 900 were not shown on the june 30, bank statement. * a deposit in transit of $ 3 comma 346 had not been received by the bank when the bank statement was generated. * a bank debit memo indicated an nsf check for $ 70 written by jane smith to juno company on june 13. * a bank credit memo indicated a note collected by the bank of $ 1 comma 900 and interest revenue of $ 51 on june 20. * the bank statement indicated service charges of $ 35. what is the adjusted book balance?

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?