Select all the correct answers. Which two factors must Roger consider when calculating the taxable equivalent yield for a municipal bond?

~The bond has a tax-free yield of 5%.
~Roger’s investment income increases an average of 7% each year.
~Roger has realized long-term capital gains that qualify for a tax rate of 0%.
~Roger owns stock that pays a 4% dividend.
~Roger is in the 24% tax bracket.
~Roger was in the 22% tax bracket last year.

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.