The following (hypothetical) transactions relate to Polo Ralph Lauren (Polo). For each, indicate whether the transaction immediately gives rise to an asset for Polo. 1. Polo spends $16m to advertise a new line of perfume in the expectation that the advertisements will attract new customers 2.Polo signs a contract with Nordstrom for the distribution of its autumn line of clothes. Polo promises to distribute certain jeans exclusively through Nordstrom; Nordstrom promises to display and market the jeans in a manner designed to increase sales. Polo estimates the value of the contract to be $4m. 3.Polo invests $24m in research and development related to its paint line of business 4.Polo spends $800,000 on tuition assistance programs for its middle-level managers to obtain MBAs. Historically, 80% of the managers who seek MBAs receive them and remain with the company five years or more. 5.Polo acquires and occupies warehouse outside Seattle by signing a mortgage payable for $75m. Legal title for the warehouse remains with the bank (the holder of the mortgage) because Polo has yet not made all the required mortgage payments.