Vector Corporation has been using an incorrect method in accounting for supplies expense. It can change to the correct method without filing 3115.
Answer the following statement true (T) or false (F)
False
While approval for a change from an incorrect to correct accounting method may be automatic, Form 3115 must still be filed.
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A patent holder should mark its product as patented in order to achieve the fullest protections. Each of the following is an acceptable means of marking the product except
A. writing the word patent on the item or its packaging. B. writing pat. on the item or its packaging. C. placing the patent number on the item or its packaging. D. placing a P in a circle on the item or its packaging.
Methods that ignore present value in capital investment analysis include the average rate of return method
Indicate whether the statement is true or false
Kollenberg's sold a substantial part of its equipment to Castillo Brothers. Nothing else was involved in the sale. The sale of the equipment is a bulk transfer under the Code
Indicate whether the statement is true or false
Most often, the opinions of a firm's personnel are used to develop the advertising platform.
a. true b. false