Park, Inc. acquired 100% of Gravel Co.'s net assets. On the acquisition date, Gravel's accounting records reflected $50,000 of costs associated with in-process research and development activities. The fair value of the in-process research and development activities was $400,000. Park's consolidated intangible assets will increase by what amount, if any, as a result of the acquisition of the in-process research and development activities?

Answers

Answer 1
Answer:

Answer:

The  $400,000 should be a result of the acquisition of the in-process research and development activities

Explanation:

Intangible Assets: The intangible assets are those assets that cannot be seen or even touched. It is not tangible in nature

The example is goodwill, and intellectual properties like - patents, copyrights, trademarks, etc.  

The recording of the intangible assets based on the fair market value i.e $400,000 instead of associated costs.


Related Questions

A value chain is ________. Select one: a. the sequence of administrative policies implemented to promote economic integration by a government b. the process of relocating manufacturing and production to valuable and cost-effective locations abroad
Using the percentageminusofminussales ​method, the estimated total uncollectible accounts are $ 6,622. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $ 2,635. The Accounts Receivable balance is $ 44,720. The amount of the adjusting entry for UncollectibleminusAccounts Expense​ is:
Which of these describes the fundamental conflict of economics? a. the need for government control and the desire for an unregulated market b. the management of limited resources to satisfy unlimited wants c. the competition of different sellers in the marketplace d. the balance of supply and demand Please select the best answer from the choices provided A B C D
In the case of Hammer v. Breidenbach, 31 Mo. 49 (1860), Mr. Breidenbach was hired to brew beer in a cave for his employer, at a salary of $1,000 per year. The contract between the Bavarian Brewery (which would later become Anheuser-Busch) and Mr. Breidenbach specified that any violation of the agreement would result in the breaching party paying the sum of $500 to the injured party. Because the cave was dangerous, Mr. Breidenbach refused to enter it to make the beer, and his employer demanded the $500. An appellate court later determined that Mr. Breidenbach should not be required to enter the cave and endanger himself, and he was not required to pay the $500 "penalty." In which of the following modern cases could this case act as an appropriate precedent?A. A case where an employee was terminated for not attending work in a "sick" mold-infested building. B. A case where a caterer refuses to enter a condemned building to provide food to a Halloween party. C. A case where a liquidated (pre-determined) damages payment in a contract was excessively disproportionate to the injury. D. A case where an employer was sued for forcing employees to work in unsafe conditions.
if you argue for increasing the dues for your social club in order to keep the club solvent, even though some of the members might not be able to afford the increase, you are taking the ______ approach to moral reasoning.

When you gave your friend a fifty-dollar bill for an iPod, you used money as:A. a standard
B. store of value
C. medium of exchange
D. measure of value

Answers

Answer: Medium of exchange.

Explanation:

The $50 is given in exchange for an iPod, therefore in the question's illustration money serves as a medium of exchange. Money as a medium of exchange means that money is needed when conducting business transactions that involves buying and selling.

Match 1.)Less government intervention gives
people more economic freedom.
2.)Government should not control the
money supply.
3.)Government intervention is necessary
for stability.
4.)Competition is a regulatory force.
A.) Adam Smith
B.)Friedrich Von Hayek
C.)John Maynard Keyness
D.) Milton Friedrich

Answers

A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force.  He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers. 

B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."

C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability. 

D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply. 

Answer:

b goes to 1, d goes to 2, c goes to 3 and a goes to 4

Explanation:

Credit cards should be used forA. anything you want.
B. things you can't afford.
C. budgeted expenses you need to pay over time.
D. wants rather than needs

Answers

C. budgeted expenses you need to pay over time.

The rest aren't healthy practices in maintaining good credit.

As a homeowner under the jurisdiction of a homeowners' association (HOA), it is safe to assume that A. the HOA does not affect decisions you make about your own property. B. you do not have to pay HOA dues. C. it's best to consult the HOA before planning a remodeling project. D. the HOA cannot enforce deed restrictions.

Answers

The best and most correct answer among the choices provided by the question is the third choice. It is safe to assume when you consult the HOA before planning a remodeling project. I hope my answer has come to your help. God bless and have a nice day ahead!

C. it's best to consult the HOA before planning a remodeling project.

According to the Ansoff Growth Matrix, the strategic option of A.) Market Penetration. B.) Product Development. C.) Diversification. is the riskiest for a business to pursue. A business would use a A.) Horizontal Diversification. B.) Conglomerate Diversification. C.) Concentric Diversification. strategy if it decides to launch new products in new markets.

Answers

Answer:

According to the Ansoff Growth Matrix, the strategic option of C) DIVERSIFICATION is the riskiest for a business to pursue.

A business would use a B) CONGLOMERATE DIVERSIFICATION strategy if it decides to launch new products in new markets.

Explanation:

Diversification carries a higher risk because it involves selling new products or services in new markets. It does have an advantage though, if one business unit performs poorly, it will not necessarily affect the other business unit which might perform very well.

A conglomerate diversification strategy is useful when a corporation wants to start selling new products in new markets. The most common way of carrying out a conglomerate diversification strategy is through mergers and acquisitions (M&A).

1/ C. Diversification is the riskiest strategic option.

2/ B. Conglomerate Diversification.

In today's society, parents may find it challenging to instill values and build strong character in their children because 

1-many lead single-parent and dual-working-parent households where work schedules and stresses limit the time and energy they have to guide their children's upbringing.





2-children today are less likely to listen to their parents.





3-public educational systems have a greater influence on children through character education.





4-children are more influenced by their peers.

Answers

Answer:many lead single-parent and dual - working -parent households where work schedule and stresses limit the time and energy they have to guide their children upbringing.

Explanation:

Values are the moral principles which control the patterns of behaviour of people in the society. It shows the behaviour of someone in the society which are seen to be good and those which are seen to be bad. The sources where individuals can get their values includes the family, age, peer group, and religious bodies such as church and mosque. In today's society, parents may find it challenging to in still values and build strong character in their children because many lead single parent and dual working parent households where work schedules and stress limit the.time and energy they have to guide their children upbringing.

In today's society many parent are single parent in which the mother alone is responsible for the upbringing of the children whereas the children need the father figure in the process of their upbringing to have a good moral upbringing. Likewise many of the parent are dual working class parent who leave the house in the morning and returns late in the night even when the children would have slept they hardly had little time for the upbringing of their children.

Answer:

1) Many lead single-parent and dual-working-parent households where work schedules and stresses limit the time and energy they have to guide their children's upbringing

Explanation:

The current society we find ourselves is one where ever gender strive to survive. Gone are the days when the women are been saddle with the responsibility to be a full time house wives.

Time have always been a limiting factor in child's grooming,most individuals leave for work early and closes late at night.This is not their doing as they have a family to fend for.

On the other hand a stressed man is one who practically needs an ample amount of rest,for the next day work.

This new trends have negatively affected children upbringing,as precious time need to be spent on the kids are been spent on office works.Kids are forced to learn every single things from peers, neighbors and relative close by. Not knowing the difference between the good and the bad.