Larkspur Industries acquired two copyrights during 2020.
One copyright related to a textbook that was developed internally at a cost of $9,600. This textbook is estimated to have a useful life of 3 years from September 1, 2020, the date it was published.
The second copyright (a history research textbook) was purchased from University Press on December 1, 2020, for $34,000. This textbook has an indefinite useful life.
How should these two copyrights be reported on Larkspur ’s balance sheet as of December 31, 2020?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices