1.)

Ana Company provided the following balances at the end of the current year: Wasting Asset, at cost 8,000,000; Accumulated depletion 2,000,000; Capital Liquidated 1,500,000; Retained earnings 1,000,000; Depletion based on 100,000 units extracted at P5 per unit 500,000; Inventory of resource deposit (20,000 units) 200,000. What is the maximum dividend that can be declared at the end of current year?

a. 1,000,000

b. 1,400,000

c. 3,000,000

d. 1,500,000

2.)

During the current year, Think Company incurred costs to develop and produce a routine, low-risk computer software product. Completion of detailed program design 3,900,000; Costs incurred for coding and testing to establish technological feasibility 3,000,000; Other Coding costs after establishment of technological feasibility 7,200,000; Other testing costs after establishment of technical feasibility 6,000,000; Costs of producing product masters for training materials 4,500,000; Duplication of computer software and training materials from product masters (1,000 units) 7,500,000; and Packaging product (500 units) 2,700,000. In the year-end statement of financial position, what amount should be reported in inventory?

a. 14,700,000

b. 12,000,000

c. 10,200,000

d. 7,500,000

3.)

During the current year, Think Company incurred costs to develop and produce a routine, low-risk computer software product. Completion of detailed program design 3,900,000; Costs incurred for coding and testing to establish technological feasibility 3,000,000; Other Coding costs after establishment of technological feasibility 7,200,000; Other testing costs after establishment of technical feasibility 6,000,000; Costs of producing product masters for training materials 4,500,000; Duplication of computer software and training materials from product masters (1,000 units) 7,500,000; and Packaging product (500 units) 2,700,000. What total amount of the costs incurred should be expensed immediately? *

a. 20,100,000

b. 13,200,000

c. 6,900,000

d. 24,600,000