Which of the following is a typical function of a trademark?
A. It marks the sales territory for which individual salespeople are assigned.
B. It restrains authors, composers, playwrights, artists, and publishers from trading their creative work.
C. It signifies that a country is a member of the World Trade Organization.
D. It acts as a permit to expand a business globally.
E. It allows merchants or manufacturers to designate and differentiate their products.
E
Trademarks are designs and names, often officially registered, by which merchants or manufacturers designate and differentiate their products (e.g., Christian Dior clothes).
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Ronald is a cash method taxpayer who made the following expenditures this year. Which expenditure is completely deductible in this period as a business expense?
A. $4,000 for rent on his office that covers the next 24 months. B. $3,000 for a new watch for the mayor to keep "good relations" with city hall. C. $2,500 for professional hockey tickets distributed to a customer to generate "goodwill" for his business. D. $55 to collect an account receivable from a customer who has failed to pay for services rendered. E. None of these is completely deductible
In a network flow problem, ________ represent junction points connecting branches
Indicate whether this statement is true or false.