In general, consolidated financial statements should be prepared
a. when a corporation owns more than 20% and less than 40% of the common stock of another company
b. when a corporation owns more than 50% of the common stock of another company
c. only when a corporation owns 100% of the common stock of another company
d. whenever the market value of the stock investment is significantly lower than its cost
b
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The ______________________________ master data is the central repository of data about people who work for the organization
Fill in the blank(s) with correct word
To determine the slope of a nonlinear function at a point, we must find the slope of a line tangent to the point
Indicate whether the statement is true or false
Fred Adzum, CPA and Bill Subtraxem, CPA formed the accounting firm Adzum & Subtraxem, LLP. A former client of Fred's is suing Fred and the firm for accounting malpractice. If the former client is successful in his lawsuit, and Fred is found to have committed malpractice, what could this mean to the personal assets of Fred and Bill?
A. Both Fred and Bill would be personally liable, jointly and severally. B. Fred would be personally liable due to his conduct; Bill may lose his capital contribution to the firm, but his personal assets would be shielded. C. As the firm is an LLP, the personal assets of both Bill and Fred would be shielded. D. Fred would be personally liable due to his conduct; both Bill's capital contribution to the firm and his personal assets would be shielded.
How has the view of sales promotions changed during the past decades?
A. Creatives have become more sophisticated, and this sophistication has led to a decline in their dependence on sales promotion. B. Sales promotion techniques are increasingly being considered as "obsolete." C. Sales promotions are now considered an essential part of an organization's branding strategies. D. Sales promotion tactics are now developed before the branding strategy is determined. E. Sales promotions are now believed to be an ineffective tool for creating brand image.