A product is defined as anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need
Indicate whether the statement is true or false
TRUE
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Auditing conducted after the termination of a project is referred to as a(n)
A) periodic audit. B) post-project audit. C) implementation audit. D) closure audit.
An innocent party can enforce a fraudulent contract.
Answer the following statement true (T) or false (F)
Consider a one-period binomial model of 12 months. Assume the stock price is $54.00,
? = 0.25, r = 0.04 and the exercise price of a call option is $55. What is the forecasted price of the stock given a downward movement during the year? A) $43.77 B) $ 45.28 C) $48.98 D) $51.84
On January 1, 2013, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody issued $400 in long-term liabilities and also issued 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $15 was paid in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows: Moody OsorioCash$180 $40 Receivables 810 180 Inventories 1,080 280 Land 600 360 Buildings (net) 1,260 440 Equipment (net) 480 100 Accounts payable (450) (80)Long-term
liabilities (1,290) (400)Common stock ($1 par) (330) Common stock ($20 par) (240)Additional paid-in capital (1,080) (340)Retained earnings (1,260) (340)??Note: Parentheses indicate a credit balance.??In Moody's appraisal of Osorio, three assets were deemed to be undervalued on the subsidiary's books: Inventory by $10, Land by $40, and Buildings by $60.?Compute the amount of consolidated inventories at date of acquisition. A. $1,370. B. $1,080. C. $290. D. $1,360. E. $1,350.