Which of the following statements is true about patents and copyrights?
A.
They have benefits and costs.
B.
They lead to higher prices.
C.
They enhance the ability of monopolists to earn above-average profits.
D.
They lead to lower prices.
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举一反三
【单选题】Prior to recording adjusting entries, the Office Supplies account had a $359 debit balance. A physical count of the supplies showed $105 of unused supplies available. The required adjusting entry is:
A.
Debit Office Supplies $105 and credit Office Supplies Expense $105.
B.
Debit Office Supplies Expense $105 and credit Office Supplies $105.
C.
Debit Office Supplies Expense $254 and credit Office Supplies $254.
D.
Debit Office Supplies $254 and credit Office Supplies Expense $254.
E.
Debit Office Supplies $105 and credit Supplies Expense $254.
【单选题】Prior to recording adjusting entries, the Office Supplies account had a $359 debit balance. A physical count of the supplies showed $105 of unused supplies available. The required adjusting entry is:
A.
Debit Office Supplies $105 and credit Office Supplies Expense $105.
B.
Debit Office Supplies Expense $105 and credit Office Supplies $105.
C.
Debit Office Supplies Expense $254 and credit Office Supplies $254.
D.
Debit Office Supplies $254 and credit Office Supplies Expense $254.
【单选题】Office supplies purchase of $900 were debited on Office Supplies on Hand. Account of the supplies at the end of period showed $500 still on hand. Make the adjusting entry at the end of the period.