Data Analytics For Accounting
Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Chapter 8, Problem 1P
To determine

Identify the situations where sentiment analysis would be helpful in analyzing the press releases or earnings announcements. Explain the additional information which might be provided apart from the overall announcement. Determine whether it would be useful to have sentiment analysis automated for getting a basic sentiment measure versus the base level of sentiment expected in a press announcement or earnings announcement.

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Metro Corp. acquires a patent from Maxwell Co. in exchange for 3,000 shares of Metro Corp.'s $5 par value common stock and $85,000 cash. When the patent was initially issued to Maxwell Co., Metro Corp.'s stock was selling at $8 per share. However, when Metro Corp. acquired the patent, its stock was selling for $10 per share. At what amount should Metro Corp. record the patent?
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