Owning a patent: a. Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 70 years.
b. Gives its owner an exclusive right to manufacture and sell a patented item or to use a process for 20 years.
c. Gives its owner an exclusive right to manufacture and sell a device or to use a process for 50 years. Indicates that the value of a company exceeds the fair market value of a company's net assets if purchased separately.
d. Gives its owner the exclusive right to publish and sell a musical or literary work during the life of the creator plus 20 years.

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.