Franchising is a form of licensing
Indicate whether the statement is true or false
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Which of the following statements is false?
a. Cash equivalents are included in cash on the balance sheet and on the statement of cash flows. b. Investments in cash equivalents and investments in stock have the same economic effect--assets increase and decrease by the same amount. c. An investment is a cash equivalent if it is convertible into a known amount of cash and has an original maturity of 3 months or less when purchased. d. Investments in stock are reported as a financing activity on the statement of cash flows.
When a stock dividend is declared, it becomes a liability
Indicate whether the statement is true or false
What was the standard Lavery imposed for changing the supplier?
a. If there was any question as to whether the apple juice was fake b. If the employees could prove in a court of law that the concentrate was adulterated c. If other companies stopped using the concentrate d. If employees felt uncomfortable with the supplier
Patents last for ________
(a) 20 years (b) 75 years (c) the life of the author (d) the life of the author plus 70 years