Acquisition of greater than 20% of the outstanding stock of a company normally suggests that the investor should use the
A) consolidation method.
B) equity method.
C) fair-value method.
D) straight-line method.
B
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Equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years wasdepreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the remaining useful lifeshould be shortened by 3 years and the residual value changed to zero. The depreciation expense for the currentand future years is
a. $16,000 b. $11,636 c. $11,000 d. $8,000
Japan has a greater number of differences than the U.S. between the amount of income reported to stockholders and that reported to the taxing authorities
a. True b. False Indicate whether the statement is true or false
Which of the following is a goal of an effective introduction to a presentation?
a. Provide relevant statistics. b. Use jargon and technical terms. c. Establish rapport. d. Cover three to five major points.
________ is pay stated as a percentage of a sale amount
A) Salary B) Wage C) Commission D) Bonus