Ivy and Justin want to form and do business as Kayak Adventures Corporation. A corporation can be owned by
A. natural persons only.
B. artificial persons only.
C. artificial or natural persons.
D. neither "artificial" nor "natural" persons.
Answer: C
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Culture shock is generally considered a positive sign that the professional is becoming involved in the new culture.
Answer the following statement true (T) or false (F)
Elvish Toys is a small-scale toy manufacturer. The company sells its products to customers at its own retail shops. In this scenario, it is evident that Elvish Toys sells its products to its customers through a _____.
A. direct channel B. channel intermediary C. merchant wholesaler D. independent distributor
Give two examples of primary keys that can be used to identify a person or thing
What will be an ideal response?
On January 1, 2017, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Sacco having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2017, Sacco reported net income of $50,000 and paid dividends of $20,000 while in 2018 it reported net income of $75,000 and dividends of $30,000. Assume Dawson has the ability to significantly influence the operations of Sacco.The balance in the Investment in Sacco account at December 31, 2017, is:
A. $100,000. B. $106,000. C. $112,000. D. $140,000. E. $107,500.