Early in 2021, the excalibur company began developing a new software package to be marketed. the project was completed in december 2021 at a cost of $78 million. of this amount, $52 million was spent before technological feasibility was established. excalibur expects a useful life of five years for the new product with total revenues of $130 million. during 2022, revenue of $39 million was recognized.

Which feature is a characteristic of a corporation?

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.