Bribery is the most common form of white collar crime
Indicate whether the statement is true or false
TRUE
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The actual success of a social marketing program should be evaluated in terms of the program objectives
Indicate whether the statement is true or false
A company had inventory on November 1 of 5 units at a cost of $10 each. On November 2, they purchased 19 units at $12 each. On November 6 they purchased 15 units at $15 each. On November 8, 17 units were sold for $45 each. Using the perpetual LIFO inventory method, what was the value of the inventory on November 8 after the sale?
A. $264 B. $309 C. $254 D. $230 E. $247
Horizontal analysis is the comparison of a company's financial condition and performance to a base amount.
Answer the following statement true (T) or false (F)
On January 1, 20X7, Server Company purchased a machine with an expected economic life of five years. On January 1, 20X9, Server sold the machine to Patron Corporation and recorded the following entry: Cash 45,000 Accumulated Depreciation 28,000 Machine 70,000 Gain on Sale of Equipment 3,000 ?Patron Corporation holds 75 percent of Server's voting shares. Server reported net income of $50,000, and Patron reported income from its own operations of $100,000 for 20X9. There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer.Based on the preceding information, consolidated net income for 20X9 will be:
A. $148,000. B. $150,000. C. $130,000. D. $100,000.