Using the trademark of a social media site Community
Life Inc. by Befriends Corporation as a meta tag without community life's
permission is permissible if the use reasonably necessary or the use constitutes
trademark infringement. Therefore, the answer is letter C.
Answer:
a. Dr Sales $619,200
Cr Customer Refunds Payable $619,200
b. Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
Explanation:
a. Preparation of the journal entry to record Estimated customer refunds and allowances
Dr Sales $619,200
($51,600,000 × 1.2%)
Cr Customer Refunds Payable $619,200
(To record Estimated customer refunds and allowances )
b. Preparation of the journal entry to Estimated customer returns
Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
(To record Estimated customer returns)
Answer:
it would become worthless
Explanation:
if they keep printing loads of money then the individual Zook dollar would decrease in worth
Answer:
ToySpot in this scenario is a soft toy retailer; this means it deals with customers directly and at the same location.