Ginnie Maes are
a. long-term bonds issued by the federal government
b. short-term, mortgage-backed securities
c. mortgage backed securities issued by theGovernment National Mortgage Association
d. long-term mortgage securities sold by banks
c
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If you're using the direct approach to deliver a negative message,
A) save the bad news for last. B) state the bad news at the beginning. C) embed the bad news in a parenthetical expression. D) subordinate the bad news in a compound sentence. E) begin with a neutral buffer.
Tower Company owns 85% of Hill Company. The two companies engaged in several intra-entity transactions. There were no excess fair-value amortization amounts to account for. Each company's income before income tax and dividend income for the current time period follow, as well as the effects of intra-entity gross profits on remaining inventory which are included in the separate net income amounts. No income tax accruals have been recognized within these totals. The tax rate for each company is 30%. Tower CompanyHill CompanySeparate income before income tax (excluding equity or dividend income from Hill)$200,000$80,000Intra-entity gross profit on remaining inventory (included in income above)25,00010,000Dividend income from Hill10,200 Dividends declared15,00012,000?Using the percentage
allocation method for assigning income tax expense, the income tax expense assigned to Hill is closest to: A. $0. B. $21,000. C. $17,400. D. $24,000. E. $20,400.
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4900. The company calls these bonds at a price of $93,000 the gain or loss on retirement is:
A. $2100 gain. B. $7000 gain. C. $2100 loss. D. $0 gain or loss. E. $7000 loss.
Business markets buy goods and services for further processing or for use in their production processes
Indicate whether the statement is true or false