Having loan applicants pay for the expenses of bank officer travel for purposes of evaluating collateral is not a conflict of interest
Indicate whether the statement is true or false
FALSE
You might also like to view...
What are the stages in group development and what project management behaviors are exhibited in each stage?
What will be an ideal response?
In upward feedback, managers' behaviors or skills are evaluated by ________.
A. external customers B. their peers C. their subordinates D. b and c
In U.S. v. Young, where government agents took x-rays of packages shipped by Young via Federal Express, but no warrant had been issued, the appeals court held that the evidence gathered from the x-rays could be used in court
a. True b. False Indicate whether the statement is true or false
Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. On July 1, 20X7, Pluto Corporation purchased $120,000 face value of Saturn bonds from Star. The bonds pay 12 percent interest annually on December 31. The preparation of consolidated financial statements for Saturn and Pluto at December 31, 20X9, required the following consolidation entry: Bonds Payable 120,000 Premium on Bonds Payable 2,520 Interest Income 14,760 Investment in Saturn Corporation Bonds 118,920 Interest Expense 13,560 Investment in Saturn Corporation Stock 3,120 NCI in NA of Saturn Corp. 1,680 Based on the information given above, what percentage of the subsidiary's ownership does the parent
company hold? A. 75 percent B. 80 percent C. 95 percent D. 65 percent