Which of the following type of quality costs are incurred for repairs made under warranty, the replacement of defective parts, and product recalls?
a. External failure costs
b. Internal failure costs
c. Prevention costs
d. Appraisal costs
a
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Pan Corporation owns 65 percent of Sauce Corporation's voting shares. On January 1, 20X3, Pan Corporation sold $300,000 par value 7 percent bonds to Sauce when the market interest rate was 4 percent. The bonds mature in 15 years and pay interest semiannually on June 30 and December 31.Based on the information given above, what amount of investment in bonds will be eliminated in the preparation of the 20X3 consolidated financial statements?
A. $400,784 B. $300,000 C. $395,766 D. $257,248
The launch of the “ingloriousvegetable” at the French SupermarketIntermarché as a way of reducing food waste by selling imperfect vegetables at a 30% discount is an example of_____
a. Corporate entrepreneurship b. Entrepreneurs inside c. Social Entrepreneurship d. Serial entrepreneurship
Debbie works anywhere from 8 to 10 hours a day, five days a week. She is paid every other Friday, and the amount of his check is always the same. Ari is a nonexempt employee.
Answer the following statement true (T) or false (F)
West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $95,000; credit Common Dividends Payable $95,000. B. Debit Common Dividends Payable $90,000; credit Cash $90,000. C. Debit Common Dividends Payable $95,000; credit Cash $95,000. D. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. E. Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000.