Which of the following is true of a trade secret:
a. it is known by the competition b. it is copyrighted
c. the owner has taken reasonable steps to protect the secret from disclosure d. all of the other specific choices are correct
e. none of the other specific choices are correct
c
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The global package tracking system was implemented in europe and asia in the near future. (passive voice, future perfect)
What will be an ideal response?
What was the intent of APB Opinion No. 27?
a. To achieve near symmetry in lessee and lessor accounting b. To expand the use of the material-equity method c. To broaden the criteria for capitalization d. To restrict the criteria for capitalization
Morris Company established a petty cash fund with a $600 balance. Which of the following statements is incorrect?
A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for $600. B) There is no net effect on current assets. C) The sum of the cash plus the total of the petty cash tickets should equal $600 at all times. D) The petty cash custodian cashes a check for $600 and places the currency in the petty cash fund box.
Explain how to record the sale of non-influential equity securities.
What will be an ideal response?