1. The cost of successfully defending a patent in an infringement suit should be (A) charged lo Legal Expenses. (B) deducted from the book value of the patent. (C) added lo the value of the patent. (D) recognized £is a loss in the current period

5. Which is not an application of revenue recognition? (A) Recording revenue as mi adjusting entry on the last day of the accounting period (B) Receiving cash lor services performed (C) Billing customers on June 30 for services completed during June. (D) Accepting cash from an established customer for services to be performed over the next three months.

1. The cost of successfully defending a patent in an infringement suit should be (A) charged lo Legal Expenses. (B) deducted from the book value of the patent. (C) added lo the value of the patent. (D) recognized £is a loss in the current period

其他試題

1. The cost of successfully defending a patent in an infringement suit should be
(A) charged lo Legal Expenses.
(B) deducted from the book value of the patent.
(C) added lo the value of the patent.
(D) recognized £is a loss in the current period