If a court rules in a particular case in which it is later found not to have jurisdiction:
a. the court will be fined
b. the plaintiff will be fined
c. the judgment of the court will stand
d. the judgment of the court will be suspect in all future cases e. none of the other choices are correct
e
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During 2016, Debbie Company incurred $240,000 in legal fees in defending a patent with a carrying value of $4,500,000 against an infringement. Debbie's lawyers were not 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.
The most effective internal control procedure to prevent or detect the creation of fictitious credit memoranda for sales returns is to
a. supervise the accounts receivable department b. limit access to credit memoranda c. prenumber and sequence check all credit memoranda d. require management approval for all credit memoranda
Special displays or other in-store promotions are effective for marketing ________ involvement products.
Fill in the blank(s) with the appropriate word(s).
Risk assessment identifies and analyzes internal and external threats to achieving a company's objectives.
Answer the following statement true (T) or false (F)