Compute the December 31, 2020, Consolidated Trademark

question 65

Multiple Choice

Compute the December 31, 2020, consolidated trademark.

• A) $50,000.
• B) $46,875.
• C) $ 0.
• D) $34,375.
• E) $37,500.

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Definitions:

Credit Bureaus

Agencies that collect and maintain individual credit information for issuing credit scores and reports to potential creditors.

Receivables Policy

A set of practices a company uses to manage its accounts receivable, which includes how it extends credit and collects debts.

Due Dates

Specific dates by which obligations, such as bill payments or assignments, must be fulfilled or submitted.

Trade Credit

It is a type of commercial financing in which a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.