Wriglee inc went to court this year and successfully defended its patent from infringement by a competitor. the cost of this defense should be charged to
a. patents and amortized over the legal life of the patent
b. legal fees and amortized over 5 years or less
c. expenses of the period
d. patents and amortized over the remaining useful life of the patent
Ans: d. patents and amortized over the remaining useful life of the patent
Business
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In _____, the manufacturer and the retailer split the costs of advertising the manufacturer's brand.
Fill in the blank(s) with the appropriate word(s).
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ABC Insurance Company's investment income ratio last year was 4.2 percent. The company's combined ratio last year was 102.6 percent. What was ABC's overall operating ratio?
A) 96.8 percent B) 98.4 percent C) 103.2 percent D) 106.8 percent
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