Of the following choices, which would be the easiest brand name to legally protect?
A. Tarzink Yogurt
B. Learn and Grow Daycare
C. Scout Camping Supplies
D. Sullivan Water Filtering Systems
E. Western County Distributors
Answer: A
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In the communication model, the ________________ is the route the message travels along.
a. Communication channel b. Message funnel c. Transcript pathway d. Neurolinguistic channel
If at the time of partnership liquidation, a partner has a $5,000 capital deficiency and pays the partnership $5,000 out of personal assets to cover the deficiency, then that partner is entitled to share in the final distribution of cash.
Answer the following statement true (T) or false (F)
________ are checks written by the depositor, deducted on the depositor's records, and sent to the payee, but not yet recorded by the bank at the bank statement date.
What will be an ideal response?
On December 31, 2017, XYZ Inc. has an account receivable of $2,000 for consulting fees it earned during the year. Consulting revenues are only taxable when collected. XYZ normally receives payment for the services rendered one month after the client is invoiced. Assuming a 20% tax rate, these revenues shall result in:
John Inc and Victor Inc. formed a joint venture on January 1, 2016. John invested plant and equipment with a book value of $500,000 and a fair value of $800,000 for a 30% interest in the venture which was to be called Jinxtor Ltd. Victor contributed assets with a fair value of $2,000,000 (including $200,000 in cash) for its 70% stake in Jinxtor. Jinxtor reported a net income of $3,000,000 for 2016. John's plant and equipment were estimated to provide an additional 5 years of utility to Jinxtor. The transactions set out above were considered to be of commercial substance. A) a deferred tax asset of $2,000. B) a deferred tax asset of $400. C) a deferred tax liability of $2,000. D) a deferred tax liability of $400.