Answer:
Explanation:
The journal entries are shown below:
On January 1
Copyright A/c Dr $420,000
To Cash A/c $420,000
(Being copyright is purchased)
On December 31
Amortization A/c Dr $42,000
To Accumulated amortization A/c $42,000
(Being annual amortization is recorded)
The computation is shown below:
= Purchase value of copyright ÷ number of goods years
= $420,000 ÷ 10 years
= $42,000
Answer:
Stockholder theory
Explanation:
Stockholder theory
This theory was introduced in 1960's by Milton Friedman ,
According to this theory , The managers of the corporation have a duty to maximize the returns of the shareholder .
Therefore , due to the cyclic nature of the business hierarchy , the corporation is mainly responsible to its stockholders .
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