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Data: Use SEC EDGAR or another resource to obtain financial statements and notes for the following...

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Accounting

Data: Use SEC EDGAR or another resource toobtain financial statements and notes for the following firms andfiscal year-ends. You can use their 10-K’s or annual reports.

Company

Exchange: Ticker

Fiscal year end

Amgen

NASDAQ: AMGN

December 31, 2017

Dollar Tree

NASDAQ: DLTR

February 3, 2018

  1. How does Amgen account for research and development costs?
  2. In 2015, Amgen acquired Dezima Pharma B.V. for totalconsideration of $410 million. What would Amgen’s goodwill balancehave been on December 31, 2017 if the total consideration was only$330 million. Assume no other changes (e.g., same ‘Currencytranslation adjustments’ in Note 12
  3. What identifiable intangible assets do Amgen and Dollar Treereport in the notes to their financial statements? Listthem.

Answer & Explanation Solved by verified expert
4.5 Ratings (708 Votes)
Ans Account Research and development cost Research and development costs are general expenses which are research and development These expenses are collection of expenses used for research like cost of paper internet resources used cost or rent of journals and books purchased cost of conduct surveys    See Answer
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