Company A owns 80% of the voting shares of Company B, which in turn owns 70% of the shares of Company C. There are no outstanding conversion rights, warrants or options which would enable holders of other instruments to acquire additional voting shares of any of these companies. In this scenario, which of the following statements is TRUE?
A) Company A has direct control over Company C.
B) Control cannot be determined from the information given.
C) Company A has no control over Company C because it does not own any shares of
Company C.
D) Company A has indirect control over Company C.
D) Company A has indirect control over Company C.
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Which of the following payroll-related frauds can have a direct impact on the organization's insurance company?
a. ghost employees b. falsified hours and salary c. commission schemes d. false workers' compensation claims
[APPENDIX] Wave Corporation is determining its income tax liability. It has one machine that cost $30,000 with a 4-year life and no salvage value. Wave is using an accelerated depreciation method for tax purposes. For accounting purposes, Wave has decided to use the straight-line method. Which of the following statements is true?
a. There will be a temporary difference between accounting income and income for tax purposes. b. There will be a permanent difference between accounting income and income for tax purposes. c. Wave's accounting income and income for tax purposes will be equal. d. Accounting income will be lower than income for tax purposes, especially in the early years of the asset's life.
Vesting refers to:
a. a qualifying period of pension plan membership that must be met before contributions are made by the employer. b. a qualifying period of pension plan membership that must be met before pension benefits legally exist. c. a qualifying period of pension plan membership after which benefits are received. d. a qualifying period of pension plan membership after which contributions may cease.
At a staff meeting, people tend to maintain a distance of 4 to 12 feet from each other, reflecting the social zone where this interaction typically occurs
Indicate whether the statement is true or false