Discuss ways to develop a conversational but businesslike tone in written communication
What will be an ideal response?
The conversational tone is used in most business communication—plain language that sounds businesslike without being stuffy at one extreme or too laid-back and informal at the other extreme. You can achieve a tone that is conversational but still businesslike by understand the difference between texting and writing, avoiding stale and pompous language, and avoiding preaching and bragging. Additionally, a writer should be careful with intimacy and humor.
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Pick your favorite Accounting Insight from Chapter 1. Discuss why it's your favorite
What will be an ideal response?
New Tech Company acquired a patent on January 1, 2017 for $35,000. The residual value of the patent is $0. The patent is expected to benefit New Tech Company for 5 years
After using the patent one year, it was discovered that the patent would only be useful for 3 more years. Required: 1. Prepare the journal entry to record the acquisition of the patent. Omit explanations. 2. Prepare the adjusting journal entry at December 31, 2017. Omit explanation. 3. Prepare the adjusting journal entry at December 31, 2018. Omit explanation.