A symbol or word that is registered with the U.S. Patent and Trademark Office and is thus legally protected from use by anyone but its owner is a
A. trade name.
B. trademark.
C. brand name.
D. brand mark.
E. brand.
Answer: B
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Exhibit 22-3 Katrina Company acquired a truck on January 1, 2016, for $140,000. The truck had an estimated useful life of five years with no salvage value. Katrina used straight-line depreciation for the truck. On January 1, 2017, Katrina revises the estimated useful life of the truck. Katrina made the accounting change in 2017 to reflect the extended useful life. ? Refer to Exhibit 22-3. If
the revised estimated useful life of the truck is a total of eight years, what is the amount of depreciation expense that Katrina should report in its 2017 income statement? A) $14,000 B) $16,000 C) $17,500 D) $28,000
Comment on the following statement: "Legacy systems use flat file structures."
The current trend is to distinguish not-for-profit organizations into ______ and governmental organizations.
a. pro-governmental b. nongovernmental c. religious d. charity
Describe the balance sheet equation and the dual effects of transactions