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1)Which types of companies would most likely use a process costing system and which types of companies would use job costing? Provide examples of two Saudi Companies

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1)Which types of companies would most likely use a process costing system and which types of companies would use job costing? Provide examples of two Saudi Companies.

Explain the methods with which the cost per unit will be calculated for each type of company using numerical example.

2)At the end of 2020, Marigold Corporation owns a licence with a remaining life of 11 years and a carrying amount of $534,000. Marigold expects undiscounted future cash flows from this licence to total $538,500. The licence's fair value is $429,500 and disposal costs are estimated to be nil. The licence's discounted cash flows (that is, value in use) are estimated to be $474,900. Marigold prepares financial statements in accordance with ASPE. (a) Your answer partially correct. Try again. Determine if the licence is impaired at the end of 2020. The licence is not impaired at the end of 2020. Prepare any related entry that is necessary. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Accumulated Amortization 454001 Recovery of Loss from Imp