A ________ arrangement occurs when the patent holder issues a license to use the patented object only if the licensee agrees also to buy some non-patented product from the holder
A) bonding
B) parallel
C) tying
D) congruent
C
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A. Yorkshire Corporation has 9,000 shares of $10 par value common stock and 5,000 shares of $50 par value, 10 percent cumulative preferred stock outstanding. All shares were issued at par value. In addition, retained earnings total $90,000. If the preferred stock is callable at $54 per share, and one year's dividends are in arrears, compute book value per share of preferred stock
b. Assume the same facts as in a above. Calculate book value per share of common stock. c. Assume the same facts as in a above and that Yorkshire Corporation declares a 5-for-1 stock split on its common stock. After the split, total par value of common stock equals what amount? d. Assume the same facts as in a above and that Yorkshire Corporation declares a 12 percent stock dividend on its preferred stock. If the market value on the declaration date was $70 per share, for what amount will Preferred Stock Distributable be credited?
Employees earn vacation pay at a rate of one day per month. The company estimated and must expense $1,500 of accrued vacation benefits for the year. Which of the following is the necessary year-end adjusting entry to record accrued vacation benefits?
A. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500. B. Debit Prepaid Benefits Payable $1,500; credit Vacation Benefits Expense $1,500. C. Debit Payroll Tax Expense $1,500; credit Payroll Taxes Payable $1,500. D. Debit Prepaid Vacation Benefits $1,500; credit Vacation Benefits Payable $1,500. E. Debit Vacation Benefits Expense $1,500; credit Prepaid Vacation $1,500.
The first step a court takes in choosing a remedy is to determine A)what interest it is trying to protect
B)if the damages can be quantified with reasonable certainty. C)if punitive damages should be awarded. D)whether the injured party mitigated its damages.
In property insurance, to collect for a loss, insurable interest must exist:
A) at the beginning of the contract B) at all times C) when the insurer waives it D) at the time of the loss