Please fill out the account name, measurement amount and current or noncurrent

A B D E Directions: Complete the table below: Do the items below lead to the recognition of an asset (Y/N)? If yes, what is the account name, 1 measured amount, and classification as current or noncurrent? 2 Item Recognition of Asset (Y/N) Account Name Measurement Amount Current or Noncurrent 3 1. X pays $2MM for an option to purchase a plot of land on which it wants to build a factory. The price of the land is $275MM. 2. X spends $45MM on R&D. Due to this R&D, X is able to file a patent. The cost of obtaining the patent is $1MM. 4 3. X signs a 5-year employment offer with an incoming CFO for 5 $15MM salary and stock options. The CFO will start in two months. 4. X receives an invoice of $30MM for a shipment that a supplier in Asia just sent. The supplier retains the right to this shipment until it 6 arrives to X's US location. 5. X buys a $15MM government bond that will mature in four years. It 7 plans to hold the bond until maturity