There is no right to a jury trial in an equitable action
Indicate whether the statement is true or false
TRUE
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Austin Company has established a target rate of return of 15% for all divisions. For the most recent year, Waterloo Division generated sales of $12,000,000 and expenses of $9,000,000 . Total assets at the beginning of the year were $7,000,000 and total assets at the end of the year were $9,000,000. Refer to Austin Company. In the most recent year, what was Waterloo Division's residual income?
a. $1,200,000 b. $1,650,000 c. $1,800,000 d. $1,950,000
Which of the following is/are true regarding minority, active investments?
a. An investor acquires common shares of an investee with the intent of exerting significant influence over the investee's activities, perhaps through representation on the investee's board of directors. b. An investor can exert significant influence over an investee with ownership of less than a majority of the voting stock, because many different individuals or entities own most publicly held corporations, and those owners typically do not collaborate in voting their shares. c. U.S. GAAP and IFRS view investments of between 20% and 50% of the voting stock of another company as minority, active investments unless evidence indicates that the investor cannot exert significant influence. d. Minority, active investments appear as noncurrent assets on the balance sheet. e. all of the above
Angela sat on the edge of the boat and took a swig of beer; then she fell overboard and into the ocean
A) beer and then B) beer, then C) beer; then, D) No change is necessary.
Briefly explain the three classes of creditors specified in the Bankruptcy Code.
What will be an ideal response?