A corporation may accomplish acquiring all or substantially all assets of another corporation by:
a. purchase or lease of other corporations' assets.
b. purchase of a controlling stock interest in other corporations.
c. merger with other corporations.
d. consolidation with other corporations
e. All of these.
e
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Effective January 2, 2014, Moldaur Co adopted the accounting principle of expensing advertising and promotion costs as they are incurred. Previously, advertising and promotion costs applicable to future periods were recorded in prepaid expenses. Moldaur can justify the change, which was made for both financial statement and income tax reporting purposes. Moldaur's prepaid advertising and
promotion costs totaled $250,000 at December 31 . 2013 . Assume that the income tax rate is 40 percent for 2013 and 2014 . The adjustment for the effect of the change in accounting principle should result in a net charge against income in the income statement for 2014 of a. $0. b. $100,000. c. $150,000. d. $250,000.
Job-order costing methods are used in a variety of service industry firms and nonprofit organizations.
Answer the following statement true (T) or false (F)
A location decision for a traditional department store (e.g., Macy's) would tend to have what type of focus?
A) cost focus B) labor focus C) revenue focus D) environmental focus E) education focus
Why are team-based reward systems becoming more widely used?
What will be an ideal response?