A franchise is a form of a licensing agreement
a. True
b. False
Indicate whether the statement is true or false
True
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When an employee's act of whistle-blowing leads to termination, it is considered to be a wrongful discharge under the public policy exception
Indicate whether the statement is true or false
_____ are ratios that measure the rate of return a firm is earning on various measures of investment.
A. Liquidity ratios B. Activity ratios C. Leverage ratios D. Profitability ratios
On July 1, 20X8, Pair Logic Corporation acquires 75 percent of Systems Inc. common stock for its underlying book value. At the time of acquisition, the fair value of the noncontrolling interest is equal to its proportionate share of book value of Systems. On January 1, 20X8 Systems reported common stock of $100,000 and retained earnings of $130,000. For the year 20X8, Systems reports the following items: BeforeCombination(January 1 toJune 30)AfterCombination(July 1 toDecember 31)Sales$150,000 $160,000 Cost of Goods Sold 90,000 93,000 Depreciation Expense 20,000 20,000 Other Expenses 15,000 17,000 Net Income 25,000 30,000 Dividends 15,000 18,000 Pair Logic uses the equity method in accounting for this investment.Based on the preceding information, what is the
fair value of the noncontrolling interest at the time of acquisition? A. $45,000 B. $57,500 C. $60,000 D. $47,813
The main issue in FTC v. Indiana Federation of Dentists was that of information sharing with the public about the price of dental services
a. True b. False Indicate whether the statement is true or false