The two business entities involved in an investment in securities with controlling influence, for which consolidated financial statements are prepared, are known as:
A. Both are referred to as partners.
B. Parent and Investor
C. Parent and Subsidiary
D. Subsidiary and Investee
E. Consolidator and Parent
Answer: C
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The FASB has set a hierarchy of inputs to consider in assessing fair value. Which of the following valuations are generally viewed as the most subjective?
a. Level 0. b. Level 1. c. Level 2. d. Level 3.
At the ________ level of moral development, people do the right thing regardless of leaders or group ethics.
A. preconventional level B. conventional level C. postconventional level D. neoconventional level
Under the Civil Rights Act of 1964, an employer cannot discriminate against a member of a
protected class in: A) Termination of employment. B) Promotion. C) Conditions of employment. D) Hiring. E) All of the above.
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