Acc 304 final exam - Study guides, Class notes & Summaries

ACC 304 Week 11 Final Exam Week 11 Final Exam: Chapter 12 Through 16 INTANGIBLE ASSETS IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual 1. Intangible assets derive their value from the right (claim) to receive cash in the future. 2. Internally created intangibles are recorded at cost. 3. Internally generated intangible assets are initially recorded at fair value. 4. Amortization of limited-life intangible assets should not be impacted...

ACC 304 WEEK 11 FINAL EXAM 108. On July 1, 2011, Noble, Inc. issued 9% bonds in the face amount of $10,000,000, which mature on July 1, 2017. The bonds were issued for $9,390,000 to yield 10%, resulting in a bond discount of $610,000. Noble uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2013, Noble's unamortized bond discount should be a. $528,100. b. $510,000. c. $488,000. d. $430,000.

Research and development costs a. are intangible assets. b. may result in the development based on a Patent. c. are easily identified with specific Projects. d. all based on the above.

ACC 304 Week 11 Final Exam/ACC 304 Week 11 Final Exam/ACC 304 Week 11 Final Exam