What is a copyright?
a) the right, granted by a governmental agency, to the exclusive use of a product or process
b)a grant to the owner for the exclusive right to reproduce and sell an artistic or literary work
c)special words or symbols that identify a particular product
d) an agreement granting to a business the right to use the name, product, processes,etc. of another entity according to a set of conditions and within a specified area
Answer: B
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Accounting 200
- Which of the following would be depleted?
- Which of the following is not included in the land account value of an acquired piece of land?
- Factors that affect the market price of bonds include all of the following except:
- Which of the following may be a contingent liability?
- Who determines the price at which bonds will sell?
- Which of the following is not true of contingent liabilities?
- GAAP requires that intangible assets be amortized over a period not to exceed how many years?
- What is the fair market value of an item?
- What is the consistency principle?
- Which inventory system lets a company know exactly how much of a product is in inventory at any point in time?
- Why does a company reconcile its bank statement?
- Which of the following is not considered a type of long-lived asset?
- The costing method that deals with inventory items that may be identified individually is:
- Internal controls included all of the following except:
- Under the direct write-off method of accounting for uncollectible accounts (bad debts), when a specific account is written off:
- The small amount of cash held on hand to pay minor expenses is known as:
- Factoring is:
- Which if the following would not cause an adjustment to gross inventory after a purchase occurs?
- Why would a company want to estimate its inventory ?
- Which of the following would NOT be considered an intangible asset:
- Which of the following would be amortized?
- What is the IRS rule of the LIFO conformity?
- Which of the following is not considered a type of long-lived asset?
- Which of the following would be amortized?
- Which of the following is not an intangible asset?
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.