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Book Title
10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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Chapter 4, Problem 2CT
Summary Introduction

Case summary:The company BFB, Inc. manufactures and sells alcoholic beverages. It authorized the company RB as the distributor. The company RB applied for registration of the logo before the NYSLA. The authority rejected the application because the logo was not appropriate to be displayed in grocery stores, where it would be exposed to children. The application was filed before the federal district court for an injunction against the order. The appeal was rejected, hence the appeal was made before the U.S. Court of Appeals for the Second Circuit. The injunction order was passed and the logo registration was allowed to the company BFB.

To Find:The judgment in the case where the offensive label is placed on a toy instead of beer.

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Subject:- General Account
During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer
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