Lynne corporation acquired a patent on may 1, 2012. lynne paid cash of $40,000 to the seller. legal fees of $1,000 were paid related to the acquisition. what amount should be debited to the patent account?

What type of corporate bond is more likely to have greater equity exposure, investment-grade bonds or high-yield bonds? Explain why

What will be an ideal response?

When Wilson finished painting Bryan's house, Bryan paid her the agreed price. The contract was discharged by

a. accord and satisfaction. b. novation. c. full performance. d. mutual agreement.