If Errant used the equity method to account for its investment in Grub and had net income of $160,000 from its own operations (before making any entries to reflect its investment in Grub), what consolidated net income would Errant report in its consolidated income statement for the year ended December 31, 2018?
A) $250,000.
B) $230,000.
C) $160,000.
D) $90,000.
B) $230,000.
Business
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If a bank pays a check that bears a forged signature of the drawer, the transaction will be treated as one in which the bank paid out of:
A. the depositor's funds under Article 3 of the UCC. B. the depositor's funds under Article 4 of the UCC. C. its own funds under Article 3 of the UCC. D. its own funds under Article 4 of the UCC.
Business
What are meeting ground rules, what do they accomplish, and give an example.
What will be an ideal response?
Business
An increase in borrowing from long-term debt holders is a source of cash
Indicate whether the statement is true or false.
Business
For what kind of value would fit the prototype for small business owners?
A. Aesthetic B. Social C. Economic D. Theoretical
Business