For an acquisition when the subsidiary retains its incorporation, which method of internal recordkeeping gives the most accurate portrayal of the accounting results for the entire business combination?
What will be an ideal response?
The equity method gives the most accurate portrayal of the results for the combined entity.
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To improve job satisfaction, organizations can
A. eliminate all possible distractions. B. make jobs simpler. C. add additional layers to job hierarchy. D. make goals easier to obtain. E. make jobs more complex.
Which of the following is not an asset?
A) Investments B) Cash C) Inventory D) Owner's Equity
Which of the following is a disadvantage of a general partnership?
A) The control of a partnership is skewed in favor of the partner who invests most capital. B) Partnerships do not have perpetual existence. C) Both a partnership and its individual partners are taxed separately. D) The partnership agreement does not allow partners to leave the business.
In the United States, we can buy a pair of shoes for $55. These shoes are identical in all aspects to a pair of shoes from Japan that be purchased for ¥6,000 including shipping costs
What percentage (relative to $55 U.S. cost) can we save by buying the shoes in Japan if the exchange rate is $1 for ¥120? A) 9.13% B) 9.11% C) 9.09% D) 9.07%