A paralegal will often be called upon to prepare documents that need to be filed to begin a lawsuit or answer a lawsuit. These documents can be referred to as:
A) interrogatories.
B) depositions.
C) pleadings.
D) summons.
C
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Irregular verbs, like eat and cut, are _______________
a. rare b. unpredictable c. never used d. inactive
Which of the following is the best example of problems created by inappropriate color usage?
a. Blue chairs in Canada b. Black bags in London c. Yellow cars in Switzerland d. Green buses in Israel e. Red buses in London
Explain the various changes in the rate of price in an economy.
What will be an ideal response?
What would be the amount of the acquisition differential amortized during 2018?
LEO Inc. acquired a 60% interest in MARS Inc. on January 1, 2018 for $400,000. Unless otherwise stated, LEO uses the cost method to account for its investment MARS Inc. On the acquisition date, MARS had common stock and retained earnings valued at $100,000 and $150,000 respectively. The acquisition differential was allocated as follows: $80,000 to undervalued inventory. $40,000 to undervalued equipment. (to be amortized over 20 years) The following took place during 2018: ? MARS reported a net income and declared dividends of $25,000 and $5,000 respectively. ? LEO's December 31, 2018 inventory contained an intercompany profit of $10,000. ? LEO's net income was $75,000. The following took place during 2019: ? MARS reported a net income and declared dividends of $36,000 and $6,000 respectively. ? MARS' December 31, 2019 inventory contained an intercompany profit of $5,000. ? LEO's net income was $48,000. Both companies are subject to a 25% tax rate. All intercompany sales as well as sales to outsiders are priced to provide the selling company with gross margin of 20%. A) $120,000. B) $80,000. C) $82,000. D) $78,000.