The focus of the consolidated financial statements on the shareholders of the parent company is characteristic of:
A) the Parent Company Theory.
B) the Entity Theory.
C) the Proprietary Theory.
D) both the Parent Company Theory and the Proprietary Theory.
D) both the Parent Company Theory and the Proprietary Theory.
You might also like to view...
The process of understanding our experiences and the experiences of others through the use of verbal and nonverbal messages is known as
a. group communication. b. human communication. c. interpersonal communication. d. interactive communication.
Customer fraud includes all of the following EXCEPT:
a. Get something for nothing. b. Do not pay for goods purchased. c. Fraud perpetrated through collusion between buyers and vendors. d. Deceive organization into giving them something they should not.
Sweet Company's outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paidyear 1$2,000year 2$6,000year 3$32,000The amount of dividends paid to preferred and common shareholders in year 3 is:
A. $15,000 preferred; $17,000 common. B. $0 preferred; $32,000 common. C. $5,000 preferred; $27,000 common. D. $32,000 preferred; $0 common. E. $7,000 preferred; $25,000 common.
Which of the following would not be considered "money" within the meaning of the Code?
A) Diamonds B) Mexican pesos C) Swiss francs D) Nigerian naira