A case is:
a. the form in which a dispute comes to court b. the breaking of a law
c. the breaking of a contract d. the forming of a contract e. none of the other choices
a
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According to the top brand rankings, Microsoft is the world's most valuable brand
Indicate whether the statement is true or false
A ________ is a business arrangement under which one party allows another to operate an enterprise using its trademark, logo, product line, and methods of operation in return for a fee.
A. joint venture B. franchise C. certificate of proprietary usage D. license
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit:$38Production Selling and administrative$14Fixed costs per year: Production$140,000Selling and administrative$84,000Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory.The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
A. $6,800 less than under absorption costing. B. the same as absorption costing. C. $4,000 less than under absorption costing. D. $6,800 greater than under absorption costing.
Interest revenue from notes receivable is typically reported on a multiple step income statement as a part of Income from Operations.
Answer the following statement true (T) or false (F)