Answer: No, Collezione does not have the right to imitate the designs
Explanation: Collezione has no right to imitate the designs of universal funiture becauseit not tCollezione collection original idea, Also under copyright law, it is an offense to imitate someone design or product without the owner's consent.
In this context , Universal furniture has the right to sue Collezion for Imitation and infringement.
Whatever you give me is fine
Answer:
1166
Explanation:
Morgan industries issued a credit
memorandum of $1100 on January 20th
They also have 6% tax sales
= 6/100 × 1100
= 0.06×1100
= 66
Therefore the total credit memorandum can be calculated as follows
= 1100+66
= 1,166
Hence the credit memorandum total is $1166
Answer:
part a.
Cash $450,000 (debit)
Common Stock $300,000 (credit)
Share Premium $150,000 (credit)
part b.
Cash $400,000 (debit)
Preferred Stock $320,000 (credit)
Share Premium $80,000 (credit)
part c.
Cash $500,000 (debit)
Bonds Payable $500,000 (credit)
part d.
Dividend Declared - common stock $50,000 (debit)
Dividend Declared - preferred stock $20,000 (debit)
Shareholders for Dividends $70,000 (credit)
Explanation:
For par value stock, any price paid in excess of the par value of that stock is accounted for in the <em>share premium reserve</em> of that stock.
When a dividend is declared, recognize the equity element -<em> dividend declared</em> for the class of equity that is entitled to the dividend to the extent of the stocks outstanding on the date the dividend is declared.Also recognize a liability - <em>Shareholders for Dividends</em> arising from the obligation that the entity has created (through the declaration) to its stockholders