Businesses use copyright, patents, and trademarks, to keep other companies from taking their idea or product. Copying a trademarked or patent product is illegal. (piracy)
A sole proprietorship firm is a firm which can be opened by an individual and the the owner of the firm has an unlimited liability towards the firm that means the owner enjoys unlimited profit of the firm as well as the loss of the firm.
The advantage of the sole proprietor firm is that it can be set up very easily with low or very few government rules. So the correct answer is B.
Answer and Explanation:
All these situations are taxable under lottery tax in the U.S.A, under Federal tax rule, there is 25% amount of winning money you have to pay under lottery tax rule.
If the acceptance of the prize is not based on significant potential benefits and the payment is charged by the education department to a tax-exempt agency approved by Linda, option "C" might be withheld from income.
They study earth and the materials it's made from.
Answer:
Journal entries
Explanation:
The journal entries are as follows
1. Cash $748,800
Interest expense $31,200 ($780,000 × 4%)
To Note payable $780,000
(Being the cash received is recorded)
2. Cash Dr $507,000
To Account receivables $507,000
(Being the collection is recorded)
3. Note payable $507,000
Interest expense $2,600 ($780,000 × 4% × 1 month ÷ 12 month)
To Cash $509,600
(Being the note payable and the interest expense is recorded)
