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I've bolded the ones I think are correct. Is anyone able to help me check my answers/give an explanation if they are wrong? Thank you

I've bolded the ones I think are correct. Is anyone able to help me check my answers/give an explanation if they are wrong? Thank you so much!

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Which of the following cash costs is immediately expensed under US GAAP?

  1. Spent $110,000 for salaries of R&D chemical engineers
  2. Purchased a trademark from a competitor for $50,000
  3. Spent $100,000 on the construction of a new multi-purpose R&D laboratory
  4. Acquired a patent valued at $30,000 as part of a $2 million dollar merger
  5. All of the above

A company invested in equity securities of another firm. They purchased <1% of voting shares and are thus accounting for these equities as passive investments. In October they bought 100 shares at the price of $80 per share. During the quarter the price of these shares was volatile but they finished the quarter at $90 per share. The securities also paid a dividend of $2 per share once during the quarter. What was the value of this investment on the balance sheet at the end of the quarter?

  1. $7,800
  2. $8,000
  3. $8,800
  4. $9,000
  5. $9,200

Which of the following events will create a contingent liability on Verizons balance sheet during the current period?

  1. Verizon is being sued by AT&T Wireless and legal counsel estimates that it is reasonably possible that Verizon will have to pay $15 million to settle
  2. Verizon is named as one of the defendants in a class action suit and legal counsel estimates that it is probable that Verizon will have to pay $12 million to settle
  3. Verizon sues Vonage for patent infringement and legal counsel estimates that it is probable that Verizon will receive $7 million in a settlement
  4. B and C
  5. A and B and C

Which one of the following is not true (in a normal environment where risk-free rates are above zero)?

  1. For bonds issued at discount, the interest expense for the year does not equal the interest cash payment due to the bondholders for the year
  2. A bond issued at premium has a coupon rate which is higher than the effective market interest rate
  3. A zero coupon bond is a bond issued at discount
  4. For bonds issued at discount, the proceeds at issuance are equal to the Face Value of the bond
  5. All of the above are true

Which of the following statements pertaining to leases longer than 12 months is not true under the current guidance (for the lessee)?

  1. An operating lease adds an equal asset and liability to the Balance Sheet at inception
  2. A finance lease adds an equal asset and liability to the Balance Sheet at inception
  3. A finance lease liability gets reduced every period by the difference between the cash payment and the interest expense
  4. An operating lease will record a lease/rent expense on the Income Statement every period
  5. All of the above are true

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