In 2021, starsearch corporation began work on three research and development projects. one of the projects was completed and commercial production of the developed product began in december. the company's fiscal year-end is december 31. all of the following 2021 expenditures were included in the r& d expense account: salaries and wages for: lab research $ 450,000 design and construction of preproduction prototype 310,000 quality control during commercial production 35,000 materials and supplies consumed for: lab research 75,000 construction of preproduction prototype 45,000 purchase of equipment 750,000 patent filing and legal fees for completed project 55,000 payments to others for research 195,000 total $ 1,915,000 $275,000 of equipment was purchased solely for use in one of the projects. after the project is completed, the equipment will be abandoned. the remaining $475,000 in equipment will be used on future r& d projects. the useful life of equipment is five years. assume that all of the equipment was acquired at the beginning of the year. required: prepare journal entries, reclassifying amounts in r& d expense, to reflect the appropriate treatment of the expenditures.

In order to minimize project risk which step comes after the step of identifying risks

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed. required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?