The strength of patent protection is that it D) grants a monopoly on underlying concepts and ideas.
Answer and Explanation:
The Journal entry is shown below:-
a. Cash Dr, $150,000 ($600,000 × 25%)
To Investment in Taylor $150,000
(Being receipts of dividends is recorded)
b. Investment in Taylor $195,000
Equity in net income of Taylor $195,000
(Being earning of the investee is recorded)
Working note:-
Equity in net income of Taylor = Santon's share of Taylor's reported income - Revaluation adjustment
= ($1,500,000 × 25%) - ($10,800,000 ÷ 15 × 25%)
= $375,000 - $180,000
= $195,000
Answer: These could be categorized as follows :-
Explanation:
a. Accounts receivable = Asset in balance sheet
b. Sales = Revenue in income statement
c. Equipment = Asset in balance sheet
d. Supplies expense = Expense in income statement
e. Cash = Asset in balance sheet
f. Accounts payable = Liability in balance sheet
g. Retained Earnings = Equity in balance sheet
h. Revenue = Revenue in income statement
i. Contributed Capital = Equity in balance sheet
j. .Cost of Goods Sold = Expense in income statement
k. Notes Payable = Liability in balance sheet
l. Selling and Administrative Expenses = Expense in income statement
Answer:
true
Explanation:
A project scope or project scope statement can be defined as a tool for describing the expectations of a project. These expectations include the product specification, the type of products to be produced, what is needed to produce the product, corporate policies, etc.
The project scope statement helps the firm/organization to understand the entirety of the project/product to be undergone/produced.
A project scope statement also shows the limitations or boundaries surrounding the project as well as what possibilities are available within and outside the scope.
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Answer:
the answer is NOT common terms of reference
Explanation:
got it wrong on edg quiz :(