Indicate how the following items would generally be reported in the financial statements: 1. Investment in subsidiary company 2. Cost of engineering activity required to advance the design of a product to the manufacturing stage 3. Lease prepayment 4. Cost of equipment purchased 5. Cost of searching for applications of new research findings 6. Cost incurred in the formation of a corporation 7. Training costs incurred in start-up of new operation 8. Purchase cost of a franchise 9. Goodwill generated internally 10. Cost of testing in search of product alternatives 11. Goodwill acquired in the purchase of a business 12. Cost of developing a patent 13. Cost of purchasing a patent from an inventor 14. Legal costs incurred in securing a patent 15. Unrecovered costs of a successful legal suit to protect the patent 16. Cost of conceptual formulation of possible product alternatives 17. Cost of purchasing a copyright 18. Research and development costs 19. Cost of developing a trademark 20. Cost of purchasing a trademark
Indicate how the following items would generally be reported in the
financial statements:
1. Investment in subsidiary company
2. Cost of engineering activity required to advance the design of a
product to the manufacturing stage
3. Lease prepayment
4. Cost of equipment purchased
5. Cost of searching for applications of new research findings
6. Cost incurred in the formation of a corporation
7. Training costs incurred in start-up of new operation
8. Purchase cost of a franchise
9.
10. Cost of testing in search of product alternatives
11. Goodwill acquired in the purchase of a business
12. Cost of developing a patent
13. Cost of purchasing a patent from an inventor
14. Legal costs incurred in securing a patent
15. Unrecovered costs of a successful legal suit to protect the patent
16. Cost of conceptual formulation of possible product alternatives
17. Cost of purchasing a copyright
18. Research and development costs
19. Cost of developing a trademark
20. Cost of purchasing a trademark
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