At the end of 2013, Mirror Productions determined that one of its copyrights was worthless. The copyright had a cost of $320,000 . The copyright had been amortized for 8 years of its estimated 25-year legal life. Which of the following statements is the justification for removing the remaining cost of the copyright from the accounting records?
a. The copyright no longer represents a future benefit to the company.
b. The federal government does not allow copyrights to be recorded as assets once they are deemed worthless.
c. The cost of the copyright represents an obligation to return capital contributions to the stockholders.
d. The cost of the copyright has usefulness that will impact the net income of future accounting periods.
a
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Which of the following least supports the purpose of communication?
A) Providing data B) Providing information C) Providing inspiration D) Providing control E) Providing insight
Which of the following statements is true regarding the growth stage of the product life cycle?
A) The growth rate and the size of the market are low. B) The market growth becomes flat. C) Usually, competition is most intense in this phase. D) The rate of growth begins to decrease in this stage.
Answer the following statements true (T) or false (F)
1. Reminding someone of past favors or offering to trade favors as a method to influence him is known as using coalition tactics. 2. Inspirational appeals are considered a soft tactic among generic influence tactics. 3. Gaining commitment as a response to an influence tactic is most likely to occur when pressure tactics are used. 4. Physical fitness, one of the biophysical traits, is considered to be a key leadership trait.
The amount of time spent on a job is accounted for using ________
a. employee expense reports b. job cost sheets c. time tickets d. employee identification cards