Which one of the following is not one of the three activities included in the definition of accounting?
a. Communicating
b. Identifying
c. Measuring
d. Operating
d
You might also like to view...
In Markov analysis, to find the vector of state probabilities for any period,
A) one should find them empirically. B) subtract the product of the numbers on the primary diagonal from the product of the numbers on the secondary diagonal. C) find the product of the vector of state probabilities for the preceding period and the matrix of transition probabilities. D) find the product of the vectors of state probabilities for the two preceding periods. E) take the inverse of the fundamental matrix.
The Montreal Convention governs the liability of airlines to passengers and shippers
Indicate whether the statement is true or false
The slope of the line labeled "C" in the diagram is:
A) order rate. B) rate of inventory demand. C) production rate. D) shipping rate.
Petunia Corporation acquired 90 percent of the stock of Spring Company on January 1, 20X2, for $360,000. At that date, the fair value of the noncontrolling interest was $40,000. Spring's balance sheet contained the following amounts at the time of the combination: Cash$20,000 Accounts Payable$25,000 Accounts Receivable 60,000 Bonds Payable 75,000 Inventory 70,000 Common Stock 100,000 Buildings and Equipment (net) 350,000 Retained Earnings 300,000 Total Assets$500,000 Total Liabilities & Equity$500,000 During each of the next three years, Spring reported net income of $70,000 and paid dividends of $20,000. On January 1, 20X4, Petunia sold 3,000 shares of Spring's $5 par value shares for $90,000 in cash. Petunia used the fully adjusted equity method in
accounting for its ownership of Spring Company.Based on the preceding information, in the journal entry recorded by Petunia for the sale of shares A. Investment in Spring Stock will be credited for $90,000. B. Investment in Spring Stock will be credited for $75,000. C. Additional Paid-in Capital will be credited for $9,000. D. Cash will be credited for $90,000.