Laverne purchased a new piece of equipment to be used in its new facility. the $370,000 piece of equipment was purchased with a $50,000 down payment and with cash received through the issuance of a $320,000, 8% 5-year mortgage payable issued on january 1, 2017. the terms provide for annual installment payments of $80,146 on december 31

instructions:

(a) prepare an installment payments schedule for the first three payments of the notes payable.

(b) prepare the journal entry related to the notes payable for december 31, 2017.

(c) show the balance sheet presentation for this obligation for december 31, 2017.

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.

The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?