Which of the following is an asset that represents distinctive identifications of a product or service?
A) license
B) copyright
C) franchise
D) trademark
D) trademark
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To understand the interviewers' problems, the supervisors should ________
A) revise the questionnaire B) do some interviewing C) replace the interviewer D) interview the interviewer E) do secondary data analysis
The process of crossfooting on the work sheet results in the
A) Income Statement columns. B) Trial Balance columns. C) Adjusted Trial Balance columns. D) Adjustments columns.
The minimum rate of return on an investment is also known as a
A) hurdle rate. B) payback rate. C) net present value. D) profit margin.
Adam Corporation owns 1,000 shares of common stock of Rosen, Inc, a large publicly traded company listed on a major stock exchange. If Rosen issues a 20 percent stock dividend when the par value is $10 per share and the market value is $70 per share, how much and what type of income should Adam report?
a. $0 b. $2,000 ordinary income c. $14,000 ordinary income d. $2,000 ordinary income and $12,000 extraordinary income