Answer:
A) the same as the accounting balance sheet, but it is based on market values.
Explanation:
The finance balance sheet is same as the accounting balance sheet but it is based on market value.
Answer:
$62,000
Explanation:
Calculation for Devin’s recognized gain
Fist step in to calculate the Consideration amount received by Devin’s
Consideration received by Devin’s=$65,000×0.80+$5,000+$20,000
Consideration received by Devin’s=$77,000
Second step is less the adjusted basis to the Consideration received by Devin’s in order to know the gain
Consideration received by Devin’s $77,000
Less Adjusted basis $15,000
Gain $62,000
($77,000-$15,000)
Therefore Devin’s recognized gain is $62,000
Answer: d)
Explanation: Trademark law protects a trademark owner's exclusive right to use a trademark when use of the mark by another would be likely to cause consumer confusion as to the source or origin of goods. Trademark law is a federal issue, and as such, the Lanham Act is the federal statute which governs trademarks. Section 43(a) of the Lanham Act (15 U.S.C 1125(a)) creates a federal cause of action for what has traditionally been called unfair competition: a false designation of origin or other misleading information used in connection with the sale of a good or service, or misleading advertising. The Lanham Act prohibits trademark infringement and false advertising-conduct that is often immediately apparent because it occurs out in the open in the public forum of advertising. With the surging popularity of the internet over the last decade, new Lanham Act issues have arisen including whether website metadata-information that consumers never see-can infringe a trademark and violate the Lanham Act.
World Trade Organization was discussed as possessing effective enforcement capacity.
<h3><u>
What is World Trade Organization?</u></h3>
- The sole international body dealing with international trade regulations is the World Trade Organization.
- The WTO agreements, which were negotiated, signed, and ratified by the majority of the world's trading states, form its foundation.
- The objective is to facilitate commercial operations for exporters, importers, and producers of goods and services.
- The World Trade Organization can be viewed from several angles. It is a business opening organization. Governments can negotiate trade deals there. They use it as a forum to resolve business conflicts.
WTO runs on a set of commercial regulations. In essence, the WTO is a forum where participating states attempt to resolve trade issues they have with one another.
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Answer: C) Corporation
Explanation: A Corporation can be Simply defined as a legal entity who's privileges, liabilities and rights are different or separate from the group of person who created it. That is, if the business get sued to court, what ever the punishment or retribution is, it will not directly affect the owners but the business itself. If the company's car on duty accidentally crashed into a person's shop, the company will pay for it, not the driver or the owners of the business.
So corporation means any group of person with a legal entity.