Suppose a team of artists who work for Fox draw The Simpsons television program and Fox owns the copyright. The length of the copyright is:

a. 21 years
b. 50 years
c. 70 years
d. 95 years
e. forever


d

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A truck that cost $12,000 and on which $9,000 of accumulated depreciation has been recorded was disposed of on January 1. Assume that the truck was traded for a similar truck having a price of $13,000, that an $1,800 trade-in was allowed, and that the balance was paid in cash. The amount of the gain or loss recognized on this transaction would be

A) a $1,200 loss. B) a $1,200 gain. C) a $2,400 loss. D) no gain or loss recognized.

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The journal entry to record the incurrence and payment of overhead costs for factory insurance requires a debit to

a. Cash and a credit to Manufacturing Overhead. b. Manufacturing Overhead and a credit to Accounts Payable. c. Manufacturing Overhead and a credit to Cash. d. Work in Process Inventory and a credit to Cash.

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What are some of the important prerequisites to investing?

What will be an ideal response?

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If the coefficient of correlation r = 0, then there can be no relationship whatsoever between the dependent variable y and the independent variable x

Indicate whether the statement is true or false

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