Trademarks may be used to protect the exclusive right to identify either products or services
Indicate whether the statement is true or false
False
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In terms of goals for public relations, a hit is:
A) an advertisement that is successful B) a consumer promotion's tie in with publicity C) a mention of the company's name in a news story D) an advertising slogan with high recall
Listed below are steps of purchasing and receiving materials: 1 . The receiving clerk prepares a receiving report. 2 . Purchase requisitions are prepared to notify the purchasing agent that additional materials are needed. 3 . The purchase of merchandise is recorded by the accounting department. 4 . The purchasing agent completes a purchase order. In which order would these events typically
happen? a. 4, 2, 3, 1 b. 2, 4, 3, 1 c. 2, 4, 1, 3 d. 4, 2, 1, 3
Investment securities held for the purpose of retiring bonds should be classified on a balance sheet as
a. investments. b. current assets. c. deferred bond liability. d. intangible assets.
Song Company started construction on a building on January 1 of this year and completed construction on December 31 of the same year. Song had only two interest notes outstanding during the year, and both of these notes were outstanding for all 1 . months of the year. The following information is available: Average accumulated expenditures ..................... $250,000 Ending balance in
construction in progress before capitalization of interest .................. 360,000 6 percent note incurred specifically for the project . 150,000 9 percent long-term note ............................. 500,000 What amount of interest should Song capitalize for the current year? a. $15,000 b. $18,000 c. $22,500 d. $27,900