Martha beyerlein company incurred $150,000 of research and development costs in its laboratory to develop a patent granted on january 2, 20120. on july 31, 2020, beyerlein paid $35,000 for legal fees in a successful defense of the patent. the total amount debited to patents through july 31, 2020, should be

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

Which of the following best describes why you need to establish goals for your program?

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?