Ireland corporation obtained a $40,000 note receivable from a customer on june 30, 2011. the note, along with interest at 6%, is due on june 30, 2012. on september 30, 2011, ireland discounted the note at cloverdale bank. the bank's discount rate is 10%. what amount of cash did ireland receive from cloverdale bank?

a. $39,220
b. $40,600
c. $36,000
d. $36,820

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.

Inflation is when money is paid for the same amount of goods and services than in a previous time period. the same amount less more none of the above

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.