According to generally accepted accounting principles, the proper accounting treatment for the cost of a trademark that management feels will retain its value indefinitely is to
A) write the cost off immediately.
B) amortize the cost over a reasonable life.
C) amortize the cost over five years.
D) carry the cost as an asset as long as circumstances continue to support an indefinite life.
D
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Examples of pleasing products include ________
A) cigarettes and junk food B) dental services and medications C) seat belts and air bags D) fruits and vegetables E) bicycle helmets and elbow pads
Which, if any, of the following statements correctly reflects the rules applicable to the alternate valuation date?
A. The election is made by the executor. B. It can be elected even though no estate tax return (i.e., Form 706) need be filed. C. It can be elected only if it reduces the amount of the gross estate or reduces the estate tax liability. D. Its election does not affect the income tax basis of property included in the gross estate.
Which of the following is not a concern the labor movement has for workers regarding nonunion representation plans versus unions?
A. While it looks like a bilateral mechanism to employees, the formation, structure, nature, and continued existence of the plan is actually unilaterally controlled by management B. Managers can pacify the workers by occasionally giving the representation plan a "victory" without truly granting the employees any power C. There is also the potential for management to convey subtle and not-so-subtle antiunion messages D. Nonunion representation plans might result in over-empowerment of employees and reduce the need for unionization.
Global Connections Inc is interviewing several candidates for a leadership position requiring strong communication skills. What form of interview will most likely be used for this interview?
A) A one-on-one interview conducted by the human resources director B) A stress interview conducted by the head of the programming division C) A computer screening interview to test applicants' programming skills D) A group interview of several candidates at one time