Answer:
A) 24 hours
Explanation:
The Consumer Product Safety Act (CPSA) established the Consumer Product Safety Commission (CPSC) which is the government entity in charge of setting product safety standards, requesting recalls and banning products if necessary.
In this case, if a toy is potentially dangerous then the company must notify the CPSC within one business day and start the recall procedure immediately.
Answer:
Yes
Explanation:
Yes because over time the earth has gotten hotter and hotter each decade, which is undeniable proof that it is real.
Answer:
b.$296,500.
Explanation:
Calculation to determine what Greene should report as unamortized bond discount
First step is to calculate the discount amount
Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)
Discount Amount= $18,500
Now let determine the unamortized bond discount
Unamortized bond discount=$315,000 - $18,500 Unamortized bond discount= $296,500
Therefore Greene should report unamortized bond discount of $296,500
Answer:
The answer is: $113,000
Explanation:
By 2020, Phillips Company had already amortized $22,000 of the patent expenses (2 years x [10% x ($100,000 + $10,000)]). Since it lost its patent defense in 2020, it will now have to write off $113,000 ($88,000 pending amortization + $25,000 in legal fees) for the adjustment of its 2018 income.
