Trademarks are due absolute protection under federal law, even if not used in commerce, once they are registered
a. True
b. False
Indicate whether the statement is true or false
False
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Tower Company owns 85% of Hill Company. The two companies engaged in several intra-entity transactions. There were no excess fair-value amortization amounts to account for. Each company's income before income tax and dividend income for the current time period follow, as well as the effects of intra-entity gross profits on remaining inventory which are included in the separate net income amounts. No income tax accruals have been recognized within these totals. The tax rate for each company is 30%. Tower CompanyHill CompanySeparate income before income tax (excluding equity or dividend income from Hill)$200,000$80,000Intra-entity gross profit on remaining inventory (included in income above)25,00010,000Dividend income from Hill10,200 Dividends declared15,00012,000?Using the percentage
allocation method for assigning income tax expense, the income tax expense assigned to Hill is closest to: A. $0. B. $21,000. C. $17,400. D. $24,000. E. $20,400.
All of the following are individuals who may function as a center of influence EXCEPT:
A. salespeople who are selling competing products. B. country club members. C. officers of community organizations like the chamber of commerce. D. members of organizations such as the Lions Club. E. clergy.
Calculations for standard process costing are identical to those for weighted average process costing
Indicate whether the statement is true or false
One of the safest modes of transport is ______.
a. rail b. sea c. truck d. air