Several errors are listed below. 
Required:
Indicate the effect each error would have on 2016 net income by placing a plus sign +), minus sign −) or NI no impact) in the space provided. Part a) has been completed as an example.
Definitions:
Trademark Office
The governmental authority responsible for the registration, protection, and enforcement of trademarks, ensuring that trademarks are unique and used appropriately.
Temporary
Describes a condition or period that is not permanent and is intended to last only for a limited time.
Revocable
Capable of being revoked, withdrawn, or annulled, often used in the context of legal agreements or trusts.
License
A permit from an authority to own or use something, do a particular thing, or carry on a trade.
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