The color or shape of an item, if distinctive, is
A. trade dress.
B. a patent.
C. a trademark.
D. a copyright.
Answer: A
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Little field Industries purchased a bond on September 1 of the current year for $200,000 and classified the investment as trading debt. The market value of the trading debt investment at year-end is $196,000. The adjustment is ________.
A) reported as a separate component of stockholders' equity B) added to the Trading Debt Investments account C) not reported on the income statement because the bond has not been disposed of D) reported as a $4,000 unrealized holding loss in the Other Income and (Expenses) section of the income statement
Which of the following is most likely to be considered an indirect material in the manufacture of a sofa?
a. Lumber b. Glue c. Fabric d. Foam rubber
A person who intentionally and knowingly uses a counterfeit mark may receive:
A) a judgment for three times the defendant's profits or three times the plaintiff's damages, whichever is greater. B) a fine of up to $200,000 on the first offense and $750,000 on a repeat offense. C) a fine of up to $1,000. D) imprisonment of up to 20 years for the first offense and for up to 30 years for a repeat offense.