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Indicate with an "X" Whether Each Description Results in the Reporting

question 199

Essay

Indicate with an "X" whether each description results in the reporting of a current liability,long-term liability,or neither on the company's Balance Sheet.Assume a December 31,2011 yearend.
Indicate with an  X  whether each description results in the reporting of a current liability,long-term liability,or neither on the company's Balance Sheet.Assume a December 31,2011 yearend.


Definitions:

Trade Dress

The visual appearance of a product or its packaging that signifies the source of the product to consumers.

Trademark Protection

Legal measures and rights granted to protect distinctive symbols, names, or logos used by businesses to identify their products or services.

Patent Protection

Legal exclusivity granted to an inventor or assignee for a limited period in exchange for the public disclosure of an invention.

Easement

A legal right to use another's land for a specific limited purpose.

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