Ordinary arithmetic operations are meaningful
a. only with categorical data.
b. only with quantitative data.
c. either with quantitative or categorical data.
d. with neither quantitative or categorical data.
b
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The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 2018, prior to the business combination whereby Goodwin acquired Corr, are as follows (in thousands): Goodwin CorrRevenues$2,700 $600 Expenses 1,980 400 Net income$720 $200 Retained earnings, 1/1$2,400 $400 Net income 720 200 Dividends (270) (0)Retained earnings, 12/31$2,850 $600 Cash$240 $220 Receivables and inventory 1,200 340 Buildings (net) 2,700 600 Equipment (net) 2,100 1,200 Total assets$6,240 $2,360 Liabilities$1,500 $820 Common stock 1,080 400 Additional paid-in capital 810 540 Retained earnings 2,850 600 Total liabilities and stockholders' equity$6,240 $2,360 ??On December 31, 2018, Goodwin
obtained a loan for $600 and used the proceeds, along with the transfer of 30 shares of its $10 par value common stock, in exchange for all of Corr's common stock. At the time of the transaction, Goodwin's common stock had a fair value of $40 per share.??In connection with the business combination, Goodwin paid $25 to a broker for arranging the transaction and $35 in stock issuance costs. At the time of the transaction, Corr's equipment was actually worth $1,400 but its buildings were only valued at $560.?Compute the consolidated cash account at December 31, 2018. A. $240. B. $435. C. $460. D. $425. E. $400.
Tom can switch between control and inspiration as the situation demands, Tom is a ______.
A. manager B. managerial leader C. leader D. magician
The Constitution provides that federal statutes are paramount to state constitutions and statutes
a. True b. False Indicate whether the statement is true or false
Product costs, such as direct materials, are expensed in the period they are paid
Indicate whether the statement is true or false