A ________ is the right for a company to use exclusively a name, symbol, or phrase to identify the company
a. trade mark
b. copyright
c. patent
d. franchise
a
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Which of the following should an auditor obtain from the predecessor auditor prior to accepting an audit engagement?
A. Analysis of balance sheet accounts. B. All matters of continuing accounting significance. C. Analysis of income statement accounts. D. Facts that might bear on management integrity.
Intuition and expediency are primary characteristics of which of the following sales forecasting methods?
A. Surveys B. Executive judgment C. Cycle analysis D. Market tests E. Industry indicators
For the current year, Gina Hestopolis had adjusted gross income of $100,000. During the year, she contributed $6,000 to her church and an additional $3,000 to qualified charities. She also contributed religious artwork with a fair market value of $60,000 and a basis of $20,000 to her church. The church intends to display the religious artwork in the church foyer. If Gina chooses to itemize her deductions, what is the amount of her deductible charitable contribution in the current year?
A. $9,000. B. $60,000. C. $20,000. D. $39,000.
Which of the following is an example of purchasing?
A) using recycled materials you had on hand B) storing lumber left over from a construction job C) keeping mannequins for a storefront D) ordering fabric from a wholesaler E) asking for materials labeled "seconds"