Marks become generic when:
a. the holders of marks give up protecting them b. the Supreme Court issue an order
c. 5 years have passed since the mark was registered
d. the holders of the mark make over $1 million in profit e. none of the other choices are correct
a
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To protect intellectual property rights, an own will often enforce one's rights by filing a lawsuit known as a(n) ______action
Fill in the blanks with correct word
If a business frequently runs out of inventory, their service levels are negative
Indicate whether this statement is true or false.
Hugh Morris Company pays weekly wages of $15,000 every Friday for a five day week ending on that day. If the last day of the year is on Tuesday, the adjusting entry to record the accrued wages is:
A. debit Wages Expense $15,000; credit Cash $15,000 B. debit Wages Expense $9,000; credit Wages Payable $9,000 C. debit Wages Expense $6,000; credit Drawing $6,000 D. debit Wages Expense $6,000; credit Wages Payable $6,000
Everest Inc. reports taxable income of $900,000 before considering sales of stock. Everest Inc. sold two stockholdings this year, resulting in a long-term capital gain of $15,000 on stock A and a short-term capital loss of $5,000 on stock B. What is the extra tax that Everest will pay due to the sales of these stocks?
A) $2,100 B) $1,500 C) $2,000 D) $3,150