Which of the following intangible assets could not be sold by a business to raise needed cash for a capital project?
a. Patent.
b. Copyright.
c. Goodwill.
d. Brand Name.
Ans: c. Goodwill.
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Holmes, Inc has a division that manufactures a component that sells for $150 and has a variable cost of $45
Another division of the company wants to purchase the component. Fixed cost per unit of the component is $20. What is the transfer price if the division is operating at full capacity? A) $65 B) $170 C) $150 D) $20
Which of the following best describes the legal basis for protection of trade secrets, patents, and copyrights in the United States?
A) Trade secrets, patents, and copyrights are protected by federal statutes. B) Trade secrets, patents, and copyrights are protected by state law. C) Trade secrets are protected by state law, while patents and copyrights are protected by federal statutes. D) Trade secrets are protected by federal statutes, while patents and copyrights are protected by state law. E) Trade secrets, patents, and copyrights are not protected by any laws.