Drake broke into a store at 1 A.M. but left without taking anything. Did Drake commit a crime? Why or why not?
Yes. Drake committed the crime of burglary. Even though Drake did not take anything, breaking into the store with the intent to commit a crime constitutes burglary.
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Which of the following groups would be classified as intangible assets for financial accounting and reporting purposes?
A) long-term notes receivable, copyrights, goodwill, and trademarks B) patents, software development costs, franchises, copyrights, and trademarks C) computer software costs, development costs for internally developed patents, research, and goodwill D) start-up costs, goodwill, costs of employee training programs, and trademarks
Determining that the AR balance states its net realizable value tests the management assertion of existence of occurrence
Indicate whether the statement is true or false
Field testing of a product is known as ______.
A. alpha testing B. beta testing C. market testing D. real-time testing
When a product has gained a certain level of brand awareness, firms use ________ advertising to motivate consumers to take action.
A. persuasive B. institutional C. informative D. reminder E. discussive