Use the Following Information for Questions

question 6

Multiple Choice

Use the following information for questions
Jessup Corp.will acquire a controlling stake in the outstanding shares of Parasol Inc.for
$9.2 million in cash.
-Beasley Corp.incurred $160,000 of basic research and $50,000 of development costs to develop a product for which a patent was granted on January 2, 2005.Legal fees and other costs associated with registration of the patent totalled $60,000.On March 31, 2010, Beasley paid $90,000 for legal fees in a successful defence of the patent.The total amount capitalized for the patent through March 31, 2010 should be

• A)$360,000.
• B)$270,000.
• C)$200,000.
• D)$150,000.

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Definitions:

Costa Concordia

The name of an Italian cruise ship that capsized and sank in January 2012 off the coast of Italy due to the captain's negligence, resulting in fatalities and injuries.

Emergency Practices

Procedures and actions that are planned and implemented in order to respond effectively to potential emergency situations.

World-view

Encompasses the fundamental cognitive orientation of an individual or society encompassing the whole of the individual's or society's knowledge and point of view.

Normative Influence

The impact others have on our behavior through norms or behaviors that are deemed acceptable by a group, leading individuals to conform in order to be liked or accepted.