If a company owns 90 percent or more of a subsidiary's stock, a merger may be effected with approval of the parent's board of directors alone, without resort to shareholders. This is called a:
a. parent-sub merger.
b. board merger.
c. short-cut merger.
d. short-form merger.
d
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When a company receives an interest-bearing note receivable, it will
a. debit Notes Receivable for the maturity value of the note b. debit Notes Receivable for the face value of the note c. credit Notes Receivable for the maturity value of the note d. credit Notes Receivable for the face value of the note
The LIFO conformity rule requires that if a company uses LIFO in reporting income to stockholders, it also must use LIFO on its tax return
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT one of the steps in the research phase of a job search?
a. Gather relevant information for decision-making. b. Prepare a company/job profile. c. Send application letters to prospective employers. d. Identify key qualifications that enhance your marketability.
By definition, break-even is where Total Revenue (TR) = Total Fixed Costs (TFC).
Answer the following statement true (T) or false (F)