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Chapter 8, Problem 3CT
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Case summary:The person J and the person LF owned the H club. The person LF opened several clubs, enterprises, and published a magazine under the trademark H and LF. When the person J opened his own store under the name H, he paid the license fee to the person LF for using its trademarked name. But later on, he stopped paying fees. The company LFP, owned by the person LF, filed a case against the person J for infringement of trademark H. The court passed an injunction order against the person J preventing the person J from using the H trademark. The person J opened a new retail store named FS gifts. The person LF sued the person J for violating the injunction order passed by the court.

To Find:The result of the case if the person J had used the marks on an entirely different line of goods.

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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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