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3 years ago

Explain the result of the violation of patent protection illustrated in the scenario below.

Business

1 answer:

lesya692 [45]3 years ago

6 0

<h2>Luke cannot sell the product because patent is already been issued to the similar product.</h2>

Explanation:

According to the given scenario, Luke though he is an inventor and he has created a product which is similar to already patented, Luke is not allowed to sale based on the patent rule.

Since there is a patent right obtained by someone for similar product, then what Luke is trying to do is against the Patent law.

Luke cannot prove that he already had an idea. Any law always needs a proof than a statement.

Luke may be punishable under the patent law if he tries to sell his invention.

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Consider the following statements regarding Company A and Company B:The two companies have identical operating results but have

Natalija [7]

Answer:

A. A only

Explanation:

U.S. Generally Accepted Accounting Principles (GAAP) does not allow property, plant, and equipment to be written up or revalued. If the fair value of PP&E falls below the book value and the amount is material then a company must write down the asset to fair value.

Since under US GAAP, once PPE is written, it can not be reversed. as Company B is indicated to have reversed the write down while company A did not. It therefore means that Company A only is reporting under US GAAP.

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3 years ago

An organization of investors usually in the form of a limited partnership who have joined together for the purpose of pooling ca

Nutka1998 [239]

An organization of investors usually in the form of a limited partnership who have joined together for the purpose of pooling capital for the acquisition of real property interests is known as a Real Estate Syndicate.

An organization is a group of people working together, such as a neighborhood association, charity, union, or business. The word organization can be used to refer to a group or enterprise or the act of forming or establishing something.

An organization is an official group of people such as a political party, business, charity or club. Most of these vocational schools are provided by volunteer organizations. ... Reported by the International Labor Organization. Synonyms: Synonyms for groups, companies, associations, associations, and organizations.

Learn more about organization here:brainly.com/question/19334871
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1 year ago

On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it

zvonat [6]

Answer:

See explanation section

Explanation:

To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.

December 31 Bad Debt Expense Debit $1,200

Account receivable - Acme, Inc. Credit $1,200

Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.

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3 years ago

There are four stages in economic recovery in which order do u think theyll occur

Airida [17]

Rising demand, increased production, increased hiring, and then rising demand again

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2 years ago

Barkatorium Pet Supplies established a line of credit with its local bank and used (borrowed) $95,000 against it to purchase its

malfutka [58]

Answer:

True

Explanation:

Since it is given in the question that the $95,000 amount is borrowed from the local bank against the purchase its first year's inventory and the same is to be repaid before the end of its fiscal year.

So if the payment is made within the one year the same is to be classified as current assets and is to be reported on the balance sheet

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3 years ago