A customer who is higher in dominance tends to do which of the following?
A) display an eagerness to agree quickly
B) curb a desire to initiate demands
C) cooperate excessively with others
D) attempt to control situations
E) wait for others to speak first
D
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The number of days' sales in inventory is the same as a company's accounting cycle
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The 2010 health care reform legislation requires employers with more than 50 employees to provide health insurance. 2. The Family and Medical Leave Act requires employers to provide 12 weeks of paid leave for medical and family reasons like childbirth or adoption. 3. Title VII of the Civil Rights Act of 1964 applies to all for-profit companies. 4. Antidiscrimination laws do not require employers to extend preferential treatment because of race, color, or religion.
Control Risks What are some typical controls that affect multiple assertions for long-lived assets?
Pants Corporation acquired 75 percent of Shirt Company's voting shares on January 1, 20X7, at underlying book value. On December 31, 20X7, it also purchased $300,000 par value 9 percent Shirt bonds, which had been issued on January 1, 20X3 to Parry Corporation (unaffiliated with either Pants or Shirt) at a $20,000 premium. The bonds were originally issued with a 10-year maturity and pay interest annually on December 31. During preparation of the consolidated financial statements for December 31, 20X7, the following consolidation entry was included in the consolidation worksheet: Bonds Payable300,000 Bond Premium11,902 Loss on Bond Retirement12,098 Investment in Shirt Company Bonds 324,000Based on the information given above, what price did Pants pay to purchase the Shirt bonds?
A. $311,902 B. $300,000 C. $324,000 D. $312,098