Mary creates a t-shirt design that expresses her support for a presidential candidate and distributes t-shirts to all her friends. The t-shirts are an example of
a. unprotected speech.
b. controlled speech.
c. symbolic speech.
d. illegal speech.
c
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Lucky Company purchased a truck at a cost of $12,000 in 2011 . As of January 1, 2016, depreciation of $10,000 had been recorded on this asset. Depreciation expense for 2016 is $2,000 . After the adjustments are recorded and posted at December 31, 2016, what is the carrying value of the truck?
a. $2,000 b. $5,500 c. $12,000 d. $0
When net income is high relative to operating cash flows, we describe the firm as having recorded
a. income-decreasing accruals. b. income-increasing accruals. c. income-neutral accruals. d. abnormal accruals.
Jill invented a new type of device to control dog barking without harming the dog. A month later, Sam independently invented an almost identical type of device. Sam filed for a patent immediately. When Jill became aware of his filing, she also filed for
patent protection. Assuming that there is no statutory bar, between Jill and Sam, who should be awarded the patent prior to September 16, 2003 and why? What about after September 16, 2013? What law affects the result after September 16, 2013? What would the result be in most other countries?
If a firm has $400,000 in credit sales and $80,000 in average accounts receivable, average days
collections is approximately A) 11. B) 73. C) 8. D) 182.