Which of the following controls can minimize the threat of check alteration?
A) The use of positive pay.
B) Do not inform receiving employees about quantity ordered.
C) The use of ERS.
D) Perpetual inventory system.
Answer: A
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Intraperiod tax allocation relates the income tax expense of the period to the specific items that give rise to the amount of the tax provision.
a. true b. false
Vijay Menon is a chemical engineer working for Mega Labs Ltd., an international pharmaceutical company, developing a machine designed to analyze chemicals in the blood
The aim of the project is a machine which can analyze up to three chemicals simultaneously. Working on his own time in his laboratory at home, Vijay was able to develop a machine which can analyze six chemicals simultaneously. He applies for patent. Which of the following is true? A) There is no reason why Vijay should not be issued a patent B) This invention is not patentable because it is a device used for a medical purpose. C) Vijay cannot apply for a patent without a patent agent D) If the patent is issued, it will belong to Mega Labs. E) Vijay should be seeking copyright, not patent protection