What are the different types of cartels?
What will be an ideal response?
The different types of cartels are as follows:
Cross-licensing agreement: It is an agreement to exchange licenses.
Patent pool: It is an agreement to share patents and other technology.
Multiple licensing agreement: It is a contract for the licensing of industrial property rights to two or more licensees.
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Indicate whether the statement is true or false
Marisol Company has just completed operations for the year ended December 31, 2016. This is the second year of operations for the company. The following data have been assembled for the business
Accounts Payable $ 12,200 Office Expense $ 6,500 Accounts Receivable 14,500 Rent Expense 9,600 Cash 8,200 Retained Earnings, Jan. 1, 2016 8,300 Common Stock 9,000 Salaries Expense 36,000 Dividends 13,500 Service Revenue 84,000 Equipment 15,000 Utilities Expense 6,200 Insurance Expense 4,000 Prepare the statement of retained earnings. Use a proper heading. What will be an ideal response