A company's assets include patents, copyrights, and technology that are superior to those of the competition
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
Assets include patents, copyrights, locations, equipment, and technology that are superior to those of the competition.
You might also like to view...
Our ______ is a composite of how we see ourselves, how we wish we saw ourselves, and how we imagine others see us.
Fill in the blank(s) with the appropriate word(s).
Sampling risk deals with which of the following?
a. Not carrying out the appropriate audit procedure. b. Drawing an incorrect inference from the sample results. c. Inappropriately diagnosing client's problems. d. Both A and C.
A court may find that there is an agency relationship even though the parties have expressly agreed that they do not intend to create one.
Answer the following statement true (T) or false (F)
During July 2012 Ralston Company decides to dispose of one of its subsidiaries which qualifies for accounting as a discontinued operation. At the July 2012 measurement date Ralston Company estimates that it will report net losses of $1,500,000 dollars from the measurement date until the disposal date which is expected to be in April 2013 . In addition, Ralston estimates that it will lose $300,000
on the sale of the segment. How much gain or loss on discontinued operations will Ralston report in its 2012 income statement (net of income taxes)? a. $1,500,000 loss b. $0 c. $1,800,000 loss d. $300,000 loss