Listed below are several terms and phrases associated with operational assets. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it. List AList B 1. Depreciation 2. Goodwill 3. Amortization 4. Natural resources 5. Intangible assets 6. Copyright 7. Trademarka. Exclusive right to display a word, a symbol, or anemblem. b. Exclusive right to benefit from a creative work. c. Assets that represent contractual rights. d. Oil and gas deposits, timber tracts, and mineraldeposits. e. Purchase price less fair value of net identifiableassets. f. The allocation of cost for plant and equipment. g. The allocation of cost for intangible assets.

Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u. s. company and i don’t make decisions based on what’s good for the u. s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Financial information that is capable of making a difference in a decision is