The most common result of opposition to a merger, such as the proposed merger of Staples and Office Depot, is that:
a. the case goes to the courts for review
b. the case goes to a special tribunal for review c. the two companies have to pay high fines
d. the two companies have to pay minor fines e. none of the other choices are correct
e
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____________________ is the process of writing off the cost of tangible assets and ____________________ is the process of writing off the cost of intangible assets
Fill in the blank(s) with correct word
Which one of the following best defines an external event in terms of accounting?
a. A measured event that must be recognized. b. An event recognized in a set of financial statements. c. A happening of consequence to an entity. d. An interaction between an entity and its environment.
If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are
A) n/30 B) FOB shipping point C) FOB destination D) consigned
Which of the following transactions is a significant noncash investing and financing activity?
A) Land is purchased for cash. B) Bonds are issued for cash. C) Cash equivalents are purchased. D) Buildings are acquired by issuing common stock.