What is the legal consequence of a trademark becoming a generic term?
A) The fair use doctrine would not apply.
B) No one can use the term in a name for that type of product.
C) The holder of the trademark for the term that has become generic cannot prevent others
from using the generic term.
D) Every seller must use the term to describe that type of product.
C
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When preparing the statement of cash flows using the indirect method, an increase in inventories would appear as
a. a decrease in the operating activities section b. an increase in the operating activities section c. a use of cash in the investing activities section d. a source of cash in the investing activities section
Which of the following is true?
a. Form 10-K is required under the FASB Conceptual Framework. b. Form 10-Q is a quarterly report of significant events required by the SEC. c. Form 8-K is a quarterly report of significant events required by the SEC. d. Form 8-K is the annual report submitted by small businesses to the SEC.
Name and describe three issues that can affect the incremental cash flow of a new project
What will be an ideal response?
Setting up a lockbox arrangement is one way for a firm to speed up the collection of payments from its customers.
Answer the following statement true (T) or false (F)