A) Adding all goods and services
Serena invents a new, unique, long-life battery. A grant from the government that gives Serena the exclusive right to make and sell the battery for a certain period of time is patent.
What is government?
An organised community is governed by a system or group of people, typically a state. Government typically consists of the legislative, executive, and judicial branches in the particular instance of its broad associative definition. Government is a mechanism for making policy decisions as well as a way to enforce organisational policies. A declaration of the government's guiding principles and philosophy is the equivalent of a kind of constitution in many nations. The term "government" is frequently used more specifically to refer to the roughly 200 independent national governments as well as subsidiary organisations, even though all organisations have governance. Modern democracies, monarchies, as well as authoritarian and totalitarian regimes are the main varieties of political systems. The monarchy, the aristocracy, the timocracy, the <u>oligarchy, democracy, theocracy</u>, as well as tyranny have all been common forms of government throughout history.
Therefore, the correct option is (B) patent
To learn more government
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Answer:
38,000 units
Explanation:
The computation of the total equivalent units for the direct material using the FIFO method is shown below:
= Completed and transferred units × completion percentage + ending work in process units × completion percentage
= (38,500 units - 4,000 units) × 100% + 3,500 units × 100%
= 34,500 units + 3,500 units
= 38,000 units
Answer:
May 1, 2020 - No Entry
Explanation:
IFRS 15 requires an entity to recognise revenue <em>when</em> entity transfers the goods or services to the customer.
Transfer of the mower happens on May 31, 2020, this is the date at which Revenue is recognised.
The cash is also paid on May 15, 2020, according the <em>accruals concept</em>, no entry must be done on May 1,2020. Only when the payment occurs should there be a record in Vaughn books.
