Match the following terms with the appropriate definitions.A. Equity methodB. Available-for-sale securitiesC. SubsidiaryD. Long-term investmentsE. Parent companyF. Return on total assetsG. Consolidated financial statementsH. Held-to-maturity securitiesI. Trading securitiesJ. Unrealized gain (loss)_______ (1) Investments in equity and debt securities that are not readily convertible to cash or are not intended to be converted to cash in the short term._______ (2) A corporation controlled by another company when the controlling company owns more than 50% of the investee's voting stock._______ (3) Change in fair value that is not yet realized through an actual sale._______ (4) Financial statements that show the financial statements of all entities under the parent's
control, including all subsidiaries._______ (5) A company that owns more than 50% controlling interest in a subsidiary._______ (6) Debt securities not classified as trading or held-to-maturity._______ (7) Debt securities that a company intends and is able to hold until maturity._______ (8) Debt securities that a company intends to actively manage and trade for profit._______ (9) A measure of financial performance, computed as net income divided by average total assets._______(10) An accounting method for long-term investments in equity when the investor has significant influence over the investee.
What will be an ideal response?
1. D; 2. C; 3. J; 4. G; 5. E; 6. B; 7. H; 8. I; 9. F; 10. A
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_____ is a standard communication protocol to create a radio connection between two devices.
A. Long-term evolution B. Voice over Internet protocol C. Near-field communication D. Metropolitan area communication
Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Using the direct method, what amount of Administration costs is allocated to C (round to the nearest dollar)? a. $576,000 b. $ 54,000 c. $108,000 d. $150,000
Explain the advantages and disadvantages of using a group to make decisions.
What will be an ideal response?
Which of the following statements is FALSE with respect to contracts?
A) The parties to a valid contract must have the legal capacity to contract B) Each party to the contract must offer consideration C) The purpose of the contract must not be for an illegal object D) Each party to the contract must have a serious intention to create a contract E) All of the above