Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 9 on july 1, 2022, sunland company purchased the c

9 On July 1, 2022, Sunland Company purchased the copyright to Culver Corporation for $190000....

70.2K

Verified Solution

Question

Accounting

9 On July 1, 2022, Sunland Company purchased the copyright to Culver Corporation for $190000. It is estimated that the copyright will have a useful life of 7 years. The amount of amortization expense recognized for the year 2022 would be

$13571.

$12258.

14 Blue Spruce Industries has total sales of $123000 and sales taxes collected totaling $8610 based on a 7% tax rate during June. Blue Spruce submitted $4800 of the taxes to the State before the end of June. Which one of the following will be reported on Blue Spruces financial statements at the end of June?

Sales for $131610

Sales Tax Expense for $8610

Sales Taxes Payable for $3810

Net sales for $126810

$27143.

$25107.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Tom’s Top End Motors and Fast Eddie’s Quality Cars are two local used car dealers. Tom...

Basic Math
Q

Please make sure to display your thought process? It is imperative to be able to follow...

Chemistry
Q

As part of previous adventures, formerly conjoined identical twin, Sue, is now 13.4 years younger than...

Physics
Q

List the factors that led to the abolition of the British slave trade in the early...

Psychology
Q

In designing static CMOS Logic circuits a principle of pull –up networks and pulldown networks is...

Electrical Engineering
Q

1 Most BIFs are banded which indicates episodic precipitation of hematite Make a conjecture about...

Biology
Q

7 Find the value or values of y in the quadratic equation y 4y 4...

Basic Math
Q

1 point Consider the following statement Everyone likes playing games For the following questions Let...

Basic Math
Q

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. Calculate the...

Accounting
Q

During 2016, Pitterle, Inc, a calendar year manufacturing company, places in service $2,880,000 of Section...

Accounting
Q

Determine the cost assigned to ending inventory and to cost of goods sold using weighted...

Accounting
Q

Required: 1. Prepare a multiple-step income statement 2. Prepare a statement of stockholders' equty. Additional...

Accounting