Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Nov 2017 My Price 5.00

Russell Lazarus,

Creative Solutions purchased a patent from Russell Lazarus, an inventor. At

the time of the purchase, the patent had two years remaining. The president of
Creative Solutions decided to have the accountant amortize the cost of the
patent, $200,000, over 10 years rather than two years. His reasoning was that
the $200,000 has already been spent and stockholders might ask a lot of
questions about a $100,000 expense showing up on the income statement but
probably wouldn't pay much attention to a $20,000 expense.

1. What is Creative Solutions' ethical responsibility to the company's
stockholders?

2. According to GAAP, how should the amortization of patents be treated?

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Nov 2017 07:11 PM My Price 5.00

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