[The following information applies to the questions displayed below.] At the end of Year 1, the following information is available for Grumpy, Happy, and Doc Companies. GrumpyHappyDocTotal Assets$2,000,000 $2,000,000 $3,000,000 Total Liabilities 1,400,000 800,000 1,800,000 Stockholders' Equity 600,000 1,200,000 1,200,000 Net Income 118,000 190,000 150,000 Which company is the most profitable from the stockholders' perspective?
A. Doc
B. Happy
C. Grumpy
D. Cannot be determined
Answer: C
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A) functional and operational B) strategic and tactical C) corporate and operational D) customer and expenditure E) corporate and division
Explain the Federal Sentencing Guidelines for boards.
What will be an ideal response?
Statement of Financial Accounting Standards No. 160, "Noncontrolling Interests in Consolidated Financial Statements: An Amendment of ARB No. 51", requires that the amount of equity interest provided by outside shareholders of subsidiaries that are not 100 %-owned by the parent company requires this amount be shown as
a. noncontrolling interest in the liabilities section of the balance sheet. b. minority interest in the "mezzanine" section of the balance sheet between liabilities and owners' equity. c. noncontrolling interest in the equity section of the balance sheet. d. minority interest in the equity section of the balance sheet.
According to Oliver (1990) organizations collaborate for six main reasons: Necessity, Asymmetry, Reciprocity, Efficiency, Stability, and Legitimacy. The reason organizations collaborate to improve organizational performance is __________.
a. Asymmetry b. Efficiency c. Necessity d. Reciprocity