The Swoosh That Appears on Every Nike Product Is an Example

question 326

Multiple Choice

The swoosh that appears on every Nike product is an example of a

• A) copyright.
• B) trade name.
• C) patent.
• D) brand name.
• E) label.

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Definitions:

Notes Payable

A liability representing a loan or promissory note that a company must repay to the lender at a future date.

Prepaid Insurance

An asset account representing insurance payments made in advance of the period covered by the payment, to be allocated as an expense over time.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, reported on the income statement.

Journalize

Journalize is the process of recording financial transactions in the chronological order of their occurrence within the journal in accounting.