On Thursday, February 7, Baretta Pistols Inc declared a $0.75 per share dividend to be paid on Monday, April 15; the date of record will be Thursday, March 18. Baretta's stock closed $17.25 on the last cum-dividend date

The matching principle, as applied to bad debts, requires

A. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions B. the use of direct write-off method for bad debts C. the use of the allowance method of accounting for bad debts D. that bad debts be disclosed in the financial statements

Which of the following statements is true?

A) A computer chip cannot be easily duplicated, so practically protection is not required. B) The Integrated Circuit Topography Act gives the inventor of a computer chip a monopoly on the idea underlying its design. C) The Integrated Circuit Topography Act gives the inventor of a computer chip a limited monopoly to reproduce and commercially exploit it. D) It is not an infringement of the Integrated Circuit Topography Act to independently develop a computer chip by using a similar process to one used in a registered topography. E) Both C and D