Indicate whether each of the following statements is true or false. ________ a) A trademark has an identifiable legal lifetime.________ b) U.S. GAAP requires that research and development costs be capitalized as assets and then expensed over a reasonable period of time.________ c) A patent is amortized over the longer of its legal or useful life.________ d) Recording the amortization of a patent includes increasing Amortization Expense and decreasing the Patent account.________ e) The capitalized cost of a trademark includes the cost to develop the trademark and to defend it.
What will be an ideal response?
a) F b) F c) F d) T e) T
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When a contract is partly printed and partly written, ________.
A. ambiguities are resolved in favor of the party who drafted the contract B. the printed terms control the written terms C. any presence of ambiguities renders the contract void and unenforceable D. the written terms control the printed terms if the two conflict
________ is speech that the government cannot prohibit or regulate.
A. Slander B. Fully protected speech C. Defamation D. Obscenity
Drugstores, airports, supermarkets and service stations are all using SSTs.
Answer the following statement true (T) or false (F)
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$5,700 65% Conversion costs$6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$125,500 Conversion costs$207,000 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first
department for the month is closest to: A. $30.99 B. $33.12 C. $35.92 D. $34.21