The Madrid Protocol allows U.S. trademark owners to file for registration in any number of more than eighty member countries by filing a single application in English and paying a single fee
Indicate whether the statement is true or false
true
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Which of the following is not a true statement regarding accounting for development stage enterprises?
a. SFAS No. 7 requires complete disclosure by the development stage enterprise to avoid misleading financial statement users by heavy initial losses. b. SFAS No. 7 achieved uniformity on the basis of the nature of the enterprise rather than on the basis of the nature of the transaction. c. The FASB opted for rigid uniformity in selecting a solution as opposed to finite uniformity, where a relevant circumstance might be viewed as the development stage of the enterprise. d. SFAS No. 7 requires that costs of a similar nature be accounted for similarly, regardless of the stage of development of the entity incurring the cost.
For a ratification to be effective, the principal:
a. must have knowledge of all material facts concerning the transaction. b. must communicate her intent to ratify to the third party. c. must have been in existence when the act was done. d. Must have knowledge of all material facts concerning the transaction and must have been in existence when the act was done.
In order to manufacture its vehicles, Toyota needs to purchase large robotic arms that become permanent fixtures in their assembly plants. These robotic arms are best described as
A. component parts B. accessory equipment C. installations D. process materials E. MRO supplies
External users of accounting information include all of the following except:
A. Creditors. B. Purchasing managers. C. Government regulators. D. Shareholders. E. Customers.