With which of the following methods of accounting for a business combination does consolidation of assets and liabilities occur only to the extent of the stock acquired by the parent?
a. Pooling of interests
b. The purchase method
c. The new entity approach
d. Proportionate consolidation
ANSWER: D
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The SEC requires publicly owned corporations to have their quarterly financial information reviewed by their independent auditors before it is issued
a. True b. False Indicate whether the statement is true or false
Jeramey was in charge of typing up final project notes for his team. The first time the team completed a project, he sent the notes out the same day. Several team members stopped by Jeramey’s office to say how much they appreciated his prompt work and attention to detail. Afterward, Jeramey tried to get all notes sent to the team as soon as possible after a project was completed. What Jeramey experienced was _________.
A. classical conditioning B. operant conditioning C. social learning D. extinction E. negative reinforcement
Analysis is most useful in providing evidence of ________.
A) existence, completeness, and ownership B) completeness, ownership, and presentation C) existence, ownership, and valuation D) completeness, valuation, and presentation
Which of the following statements is correct?
A. The principal of a permanent fund is classified as nonspendable fund balance. B. Interest on bonds issued for a school building would be paid by the capital projects fund. C. Long-term assets are depreciated in the capital projects fund. D. All the expenditures of a capital project fund are for capital assets and are recorded as restricted fund balance in the fund-basis statements.