A patent for the ornamental nonfunctional design of an item ________.
A. is a utility patent
B. is a design patent
C. is an ornamental patent
D. is not permitted
Answer: B
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Valeria Products is considering the purchase of a new machine costing $800,000. The machine is expected to reduce annual operating costs by $120,000 and will be depreciated using the straight-line method (with no half-year convention) over ten years with no salvage value at the end of its useful life. Assuming a 30 percent income tax rate, the machine's payback period is:
A) 5.56 years. B) 6.76 years. C) 9.26 years. D) 3.57 years.
Trent Co purchased 20,000 shares of IBM stock, as a trading security, for $42 in June of 2013 . At year-end, the stock price had risen to $45 . Trent:
a. makes no adjustment to the value of the stock at year end. b. records a debit to Allowance to Adjust Short-Term Investments to Market and a credit to Unrealized Gain on Investments. c. records a debit to Unrealized Gain on Investments and a credit to Allowance to Adjust Short-Term Investments to Market. d. records a debit to Allowance to Adjust Short-Term Investments to Market and a credit to Realized Gain on Investments.
Social media are promotion tools used to facilitate conversations and other interactions among people online
Indicate whether the statement is true or false a. True b. False
Distinguish between nonissuer exemption, intrastate offering exemption, and private placement exemption
What will be an ideal response?