Limited liability is a major advantage of a partnership as compared to a corporation.
Answer the following statement true (T) or false (F)
False
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The financial balances for the Atwood Company and the Franz Company as of December 31, 2018, are presented below. Also included are the fair values for Franz Company's net assets. Atwood FranzCo. FranzCo.?(all numbers are in thousands) Book value Book value Fair value 12/31/2018 12/31/2018 12/31/2018Cash$870 $240 $240 Receivables 660 600 600 Inventories 1,230 420 580 Land 1,800 260 250 Buildings (net) 1,800 540 650 Equipment (net) 660 380 400 Accounts payable (570) (240) (240)Accrued expenses (270) (60) (60)Long-term liabilities (2,700) (1,020) (1,120)Common stock ($20 par) (1,980) Common stock ($5 par) (420) Additional paid-in
capital (210) (180) Retained earnings (1,170) (480) Revenues (2,880) (660) Expenses 2,760 620 ??Note: Parenthesis indicate a credit balance??Assume an acquisition business combination took place at December 31, 2018. Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid.?Compute consolidated cash at the completion of the acquisition. A. $1,110. B. $845. C. $1,085. D. $1,350. E. $870.
Which of the following segmentation methods is being used when M&M's offers special wedding-themed packaging for customized M&M's (imprinted with the names of the bride and groom)?
A. loyalty segmentation B. benefit segmentation C. geographic segmentation D. lifestyle segmentation E. occasion segmentation
A gift causa mortis is a gift:
a. made by a donor after death in her will. b. that is conditional. c. made in the contemplation of the donor's imminent death. d. That is both conditional and made in the contemplation of the donor's imminent death e. That is both conditional and made by a donor after death in her will.
To satisfy legal retention and other compliance regulations, companies should use ________ in IM
A) a presence server B) a relay server C) Either A or B D) Neither A nor B