During 2016, Frank Company incurred $200,000 in legal fees in defending a patent with a carrying value of $3,500,000 against an infringement. Farver's lawyers were successful with the defense of the patent. The legal fees should be
A) expensed in 2016 and classified as ordinary expense.
B) classified as an extraordinary item on the income statement for 2016.
C) capitalized and amortized over the remaining legal life of the patent.
D) capitalized and amortized over the remaining economic life or legal life of the patent, whichever is shorter.
D
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If there is criminal activity in the common areas of a condominium or co-op, who would be liable for any injuries that result?
A) The criminals only B) The association if security was inadequate C) The association if it was aware of criminal conduct D) Both b and c E)?None of the above
Yesterday, Mike went to the dentist for his 6-month check-up. Two weeks before he went to the dentist, he called the office to make an appointment. The day before his check-up, the office's receptionist called him to confirm his appointment. When Mike arrived at the office, he checked in with the receptionist and then waited in the waiting room for 15 minutes, reading a magazine, before being greeted by the dental hygienist, who escorted him to an examination room. The dentist entered the room, greeted Mike, examined Mike's teeth, took a set of x-rays and asked the dental hygienist to clean Mike's teeth. When his teeth were cleaned, the hygienist told Mike he should return in 6 months for another check-up. Mike experienced the ________ element of the dental office's services marketing mix.
A. Physical evidence B. Process C. Personalization D. Product E. Place
The bullwhip effect can be reduced if ________
A) suppliers occasionally receive faxed purchase orders from the retailer B) suppliers are provided with warehouse management software C) suppliers have real-time access to up-to-date retail sales data D) suppliers are provided with global trade management software
The term "_____" refers to those pressures that exert a decisive influence on an organization's likelihood of future success
a. systems b. competencies c. strategic challenges d. strategic inertia