27.Maghielse Company incurred the following expenses during the year ended 12/31/14: The total amount to be expensed as Research and Development is:

Select one:

a. $15,000

b. $150,000

c. $145,000

d. $185,000

e. $135,000

28.

In preparing its bank reconciliation for the month of April, Century, Inc. has available the following information: What is the correct balance of cash at April 30?

Select one:

a. $81,400

b. $80,950

c. $80,500

d. $80,925

e. $81,350

Legal work in connection with patent applications $50,000 Depreciation on research equipment $120,000 Seasonal design changes to existing products $12,000 Conceptual formulation of product alternatives $15,000 Engineering follow-through in an early phase of commercial production $10,000 Balance per bank statement, 4/30 NSF check returned with 4/30 bank statement Deposits in transit, 4/30 Outstanding checks, 4/30 Erroneous Bank charge (deduction) $78,925 450 12,000 10,000 25