Most popular questions and responses by Bigboy2
  1. Accounting

    Maris Corporation acquired a patent on May 1, 2008. Maris paid cash of $25,000 to the seller. Legal fees of $1,000 were paid related to the acquisition. What amount should be debited to the patent account? $1,000 $24,000 $25,000 $26,000

    asked on April 25, 2009
  2. Micro Economics

    Economists believe that resources should be used as efficiently as possible to 1. achieve society's goals 2. eliminate scarcity 3. reduce inequity 4. do all of the above

    asked on February 15, 2009