Describe the advantage of establishing a line of credit.
What will be an ideal response?
A line of credit enables a company to borrow or repay funds as needed.
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R Company registered a patent on January 1, 2015. P Company purchased the patent from R Company for $450,000 on January 1, 2020, and began to amortize the patent over its remaining legal life. In early 2021, P Company determined that the patent's economic benefits would last only until the end of 2025. What amount should P Company record for patent amortization in 2021?
A) $90,000 B) $84,000 C) $70,000 D) $30,000
A shared resource, such as land, air, or water, that a group of people uses collectively is a(n):
A. Collective resource. B. Global unification. C. Commons. D. Economic village.
Which term below is a set of rules determining how each department will implement the strategic plan?
a. Functional strategy b. Organizational strategy c. Tactical strategy d. Divisional strategy
In Lightle v. Real Estate Commission, where Lightle was a real estate agent involved in the sale of a home, the Alaska high court held that there may be a case of negligent misrepresentation by the home seller
a. True b. False Indicate whether the statement is true or false