The Property, Plant, and Equipment category includes long-term investments
a. True
b. False
Indicate whether the statement is true or false
False
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A company issued 9%, 5-year bonds with a par value of $115,000. The market rate when the bonds were issued was 10%. The company received $110,558 cash for the bonds. Using the effective interest method, the amount of interest expense for the first semiannual interest period is:
A. $5527.90. B. $11,055.80. C. $10,350.00. D. $5175.00. E. $5750.00.
Refer to the scenario above. How many workers must be added to increase the output rate to one unit per minute?
A) 1 B) 2 C) 3 D) 4
Keefe, Inc., a calendar-year corporation, acquires 70% of George Company on September 1, 2019, and an additional 10% on January 1, 2020. Total annual amortization of $6,000 relates to the first acquisition. George reports the following figures for 2020: Revenues$500,000 Expenses 400,000 Retained earnings, 1/1/20 300,000 Dividends paid 50,000 Common stock 200,000 ?Without regard for this investment, Keefe independently earns $300,000 in net income during 2020.?All net income is earned evenly throughout the year.?What is the controlling interest in consolidated net income for 2020?
A. $400,000. B. $380,000. C. $376,000. D. $375,200. E. $375,800.
Occasionally, a firm's Stage 1 product development activities can be blind-sided by a revolutionary new product or technology that completely disrupts its business, which is sometimes called a ________.
A. disruptive innovation B. concept test C. business threat D. crowdsourcing E. marketing opportunity