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