Application of accrual accounting involves making judgments and assumptions
Indicate whether the statement is true or false
True
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________ explains changes in the owner's claim on the business's assets from net income or loss, owner investments, and owner withdrawals over a period of time.
What will be an ideal response?
In April, 1996, Hans Hoff invented an invisible Teflon coating for silk that could be used in men's ties so stains would wipe off easily. In May, 1996, Geraint Wynn-Ffolkes independently invented the same coating, and was granted a patent for it
Hans wants to attack the patent. Which of the following is true? A) There are no grounds to attack a patent. Once it is granted that is final. B) A patent can be impeached but Hans will not be successful because Geraint registered first. C) A patent can be impeached and Hans will be successful because he invented the coating first. D) A patent can be impeached and Hans will be successful because the matter was not the proper subject matter for a patent. E) It is too late to impeach the patent. Hans should have opposed Geraint's application.
A(n) ____________ device is equipment used to send information and receive it from one location to another.
Fill in the blank(s) with the appropriate word(s).
You should make investments only after you have sufficient liquidity and sufficient insurance to protect your existing assets
Indicate whether the statement is true or false.