Research and development costs should be recorded as
A. an intangible asset and recorded on the balance sheet
B. general expenses and expensed on the income statement
C. equipment and recorded on the balance sheet
D. other expenses and expensed on the income statement
Ans: B. general expenses and expensed on the income statement
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Assume your supervising attorney is known in the area as "The Legal Eagle" and he wants this name associated with his firm's website. It would be a good idea to:
A) register that domain name. B) certify that patent. C) register that extension. D) protect the copyright name.
Sandy's Pet Center grooms large and small dogs. It takes Sandy 40 minutes to groom a small dog and 70 minutes to groom a large dog. Large dogs account for 20% of Sandy's business. Sandy has 5 appointments tomorrow
a. What is the probability that all 5 appointments tomorrow are for small dogs? b. What is the probability that two of the appointments tomorrow are for large dogs? c. What is the expected amount of time to finish all five dogs tomorrow?