Which of the following is an example of licensing?
A) DMX, an electronics manufacturer, acquires Z-Elex, a start-up firm, and sells all Z-Elex's products under the DMX brand name.
B) Berry, a fruit juice company, uses a well-known cartoon character to promote the company's line of children's products and pays the creator of the cartoon character a fee.
C) XLC, a sporting goods firm, sponsors a number of top athletes in various sports and also hosts the XLC Sporting Achievement Awards.
D) ZetaBike, a bicycle manufacturer, teams up with VitaWater, a sports drink producer, to introduce ZetaVita, an energy drink.
E) Mason's, a retail chain, sells a number of different products from different manufacturers under the brand name Mason's.
B
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On March 15, 2018, Blue Corporation purchased 10% of the Gold Corporation stock outstanding. Blue Corporation purchased an additional 40% of the stock in Gold on October 24, 2018, and an additional 25% on April 4, 2019. On July 25, 2019, Blue Corporation purchased the remaining 25% of Gold Corporation stock outstanding. a.For purposes of the § 338 election, on what date does a qualified stock purchase occur? b.What is the due date for making the § 338 election?
What will be an ideal response?
Flash Company produces lamps. All of the following are direct costs except:
A. Electrical cord. B. Factory rent. C. Wages for assembly. D. Switch. E. Lamp shade.
The data or instructions held in RAM can be altered by the user
Indicate whether the statement is true or false.
In process costing, factory rent and utilities are debited to the ________
A) Work-in-Process Inventory account B) Manufacturing Overhead account C) Finished Goods Inventory account D) Cost of Goods Sold account