Bruno's Lunch Counter is expanding and expects operating cash flows of $29,300 a year for 6 years as a result. This expansion requires $96,300 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $7,200 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 11 percent?

List three major educational changes over the past 100 years that have positively influenced students. explain why these changes were influential.

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u. s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u. s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u. s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u. s. gaap balances to ifrs.

Double corporation acquired all of the common stock of simple company for