Counterfeit Goods

question 48

Multiple Choice

Counterfeit goods:

• A) may be seized and destroyed
• B) may be sold so long as identified as "not original"
• C) may be sold so long as identified as "not approved"
• D) may be sold so long as identified as "not genuine"
• E) none of the other choices

---

Definitions:

Beginning Equity

The amount of owners' equity in a business at the start of an accounting period, reflecting the net value of the business's assets minus its liabilities.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.

Accounting Equation

The foundation of double-entry bookkeeping, stating that Assets = Liabilities + Owners' Equity.

Excess Space

Excess space refers to the additional or unused space within a property or facility that exceeds the current needs of the occupants or users.