Solution-Which type of legal right is contained in a patent

Which type of legal right is contained in a patent

Assignment Help Financial Accounting

Reference no: EM132768815

Problem 1: A company purchased a machine for $8,000. The salvage value of the machine was sold for $3,000 cash. What is needed in the journal entry to record the sale of this machine?

A. Credit to accumulated depreciation for $2,000

B. Credit to gain for $2,000

C. Debit to accumulated depreciation for $6,000

D. Debit to cash for $6,000

Problem 2: Which type of legal right is contained in a patent?

A. The right to use another company's business ideas in conducting business for a specified number of years

B. The right for protection from other companies selling a company's product for a specified number of years

C. The right to transport goods through another company's property for a specific number of years

D. The right to use a certain symbol or likeness for a specific number of years

Reference no: EM132768815

Questions Cloud

Describe the process by which new stock (or a new bond : Describe the process by which new stock (or a new bond series) is issued in order for a company to raise capital.

Describe the key elements of the cash realization model : Describe the key elements of the cash realization model. For each element described, discuss what role the element plays in the cash realization cycle.

Driving force of terrorism : What do you feel is the driving force of terrorism in the 21st century (e.g., power and frustration, religious principle)?

Describe what a common stock yield is and why it is : Describe what a common stock yield is and why it is important for an investor. Describe and explain the importance of a bond yield also. How is a common stock investor and a bond investor different? What different expectations do they have? If a comm..

Which type of legal right is contained in a patent : Which type of legal right is contained in a patent? The right to use another company's business ideas in conducting business for a specified number of years

What do we mean by working capital requirement : What do we mean by 'working capital requirement'. What does it represent? What are the elements which make up the working capital of a company

Using your own words (do not cut and paste an example from a : Using your own words (do not cut and paste an example from another source) please state and explain the computational steps of a Net Present Value (NPV) calculation.

Identify what is necessary for emergency supplies : Identify what is necessary for emergency supplies to have on hand for a healthy older adult (OA). Visit with an older family member or friend to identify.

Asymmetrical warfare : Briefly describe how the decentralized nature of terrorist networks impacts the ability of the United States to combat terrorism.

User Account

All Pages

Which type of legal right is contained in a patent

Reference no: EM132768815

Reference no: EM132768815

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT