Patents, copyrights, and trademarks establish ownership rights over intellectual property.

Which of the following items would be reported at its gross amount on the face of the income statement?

a. Extraordinary loss b. Prior period adjustment c. Cumulative effect of a change in an accounting principle d. Unusual gain

The Racketeer Influenced and Corrupt Organizations Act (RICO) applies only to organized crimes

Indicate whether the statement is true or false