P10-4 the horstmeyer corporation commenced operations early in 2021. a number of expenditures were made during 2021 that were debited to one account called intangible asset. a recap of the $144,000 balance in this account at the end of 2021 is as follows: date transaction amount february 3 state incorporation fees and legal costs related to organizing the corporation $ 7,000 march 1 fire insurance premium for three-year period 6,000 march 15 purchased a copyright 20,000 april 30 research and development costs 40,000 june 15 legal fees for filing a patent on a new product resulting from an r& d project 3,000 september 30 legal fee for successful defense of patent developed above 12,000 october 13 entered into a 10-year franchise agreement with franchisor 40,000 various advertising costs 16,000 total $144,000 required: prepare the necessary journal entry to clear the intangible asset account and to set up account

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4