Trein, Inc, a U.S. company entered into an exclusive distributorship agreement with Posty, Inc, a Zambian company. This means that Trein will only use Posty to distribute products in Zambia
a. True
b. False
Indicate whether the statement is true or false
True
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At the end of 2016, Mirror Productions determined that one of its copyrights was worthless. The copyright had a cost of $320,000 . The copyright had been amortized for 8 years of its estimated 25-year legal life. Which of the following statements is the justification for removing the remaining cost of the copyright from the accounting records?
a. The copyright no longer represents a future benefit to the company. b. The federal government does not allow copyrights to be recorded as assets once they are deemed worthless. c. The cost of the copyright represents an obligation to return capital contributions to the stockholders. d. The cost of the copyright has usefulness that will impact the net income of future accounting periods.
The inventory system in which the merchandise inventory account balance is merely a record of the most recent physical inventory count is called
a. perpetual; b. FIFO; c. LIFO; d. periodic; e. specific identification.
The start-of-workday mood affects employees’ perceptions of ______.
A. supervisors’ moods B. coworkers’ moods C. customers’ moods D. direct reports’ moods
In a public security offering, the party hired to market the securities to the public is called:
a. the issuer b. a stock brokerage c. the distributor d. the underwriter e. none of the other choices