An unfavorable activity variance for revenue indicates that activity was less than expected when the static planning budget was developed.
Answer the following statement true (T) or false (F)
True
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Contrast the accounting problems presented by definitely determinable liabilities and those associated with estimated liabilities
A disadvantage of post audits is that they are costly
Indicate whether the statement is true or false
On January 1, 2018, Youder Inc. bought 120,000 shares of Nopple Co. for $384,000, giving Youder 30% ownership and the ability to apply significant influence to the operating and financing decisions of Nopple. Youder anticipated holding this investment for an indefinite time. In making this acquisition, Youder paid an amount equal to the book value for these shares. The fair value of each asset and liability was the same as its book value. Dividends and income for Nopple for 2018 were as follows:Dividends declared and paid: 7,680 Income before income tax provision: 7,680Required:Assume a 40% income tax rate. Prepare all necessary journal entries for Youder for 2018 beginning at acquisition and ending at tax accrual.
What will be an ideal response?
The 1992 Horizontal Merger Guidelines, as revised in 1997 and 2010:
A) were issued by the Justice Department to be additional to the FTC's separate guidelines. B) require a mechanical application; in order to reduce the previously used analytical framework, which was far too subjective and uncertain. C) rejects use of the Herfindahl-Hirschman Index. D) deals with mergers of powerful buyers and mergers between competing buyers.