Reporting Intangible Costs Hanks Co. recorded the following amounts for 2020. Research and development costs, $50,000.
Patent, acquired on January 1, 2020, with 10-year useful life, $35,000.
Goodwill from purchase of a company, $100,000.
Acquired customer list with an indefinite useful life, $20,000.
Legal fees paid on December 31, 2020, to register a patent (internally developed, 15-year useful life), $5,000.

Required:
a. Determine the amounts to be included on the balance sheet on December 31, 2020.
b. Determine amounts to be included on the income statement for the year 2020.

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?

In macroeconomics, to study the aggregate means to study blank