If the finder of a lost property posts notices and publishes advertisements describing the lost property, he or she will be able to clear title to the property after certain requirements are met
Indicate whether the statement is true or false
TRUE
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Which of the following statements regarding intangible assets is NOT correct?
a. Intangible assets represent long-term rights and privileges of a nonphysical nature. b. Intangible assets should be amortized over a period not to exceed 40 years. c. Intangible assets must be tested regularly to determine if their value has been impaired. d. A trademark is an example of an intangible asset.
When a party does not want to loose face by agreeing to something less than what he originally demanded, you can help him overcome this impasse by showing that conditions have changed, which will allow him to move from his hard-line position
Indicate whether the statement is true or false.
The amount of time that an agent works for a principal is not one of the factors in determining independent contractor status
Indicate whether the statement is true or false
Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 4 pounds (lbs.) of raw material K, which costs $5 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The June 1 raw materials inventory has 360 pounds of raw material K. Compute the budgeted purchases for raw material K in pounds for June.
A. 1,200 lbs. B. 1,220 lbs. C. 880 lbs. D. 1,212 lbs. E. 1,240 lbs.