Which of the following best describes a merger?
A) Two corporations are combined to form a new third corporation, and the original two
corporations cease to exist
B) One corporation sells substantially all of its assets to a second corporation, with both
corporations retaining their separate legal existence
C) Two corporations jointly purchase a third corporation and operate it as a joint venture
D) Two corporations are combined, with one of the original corporations surviving and the
other ceasing to exist
E) One corporation acquires all of the shares of a second corporation, with both corporations
retaining their separate legal existence, the second a subsidiary of the first
D
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Which of the following is not discussed in the text as one of the ways to actively search for "accounting and documentary" symptoms of under-reporting of liabilities fraud?
a. More inventory counted than identified through purchasing and inventory records. b. Discrepancies in cut-off tests. c. Amounts listed on vendor statements not recorded as purchases. d. All of the choices are discussed.
Which of the following represent investment goals?
I. saving for major expenditures such as a house or education II. sheltering income from taxes III. increasing current income IV. saving funds for retirement A) I and IV only B) III and IV only C) I, III and IV only D) I,,II, III and IV
Sapid Inc. wished to test consumer reactions to its new ad campaign. A particular test included aiming a beam of infrared light at the viewer's eye and the beam was programmed to follow the movement in the eye. This test was designed to show the exact spot of the ad the viewer is focusing on. Which of the following physiological measures did Sapid use in this scenario?
A. Foveated eye imaging B. Gamma activity C. Hemispheric eye lateralization D. Eye tracking E. Electrodermal response
Cambra Corporation manufactures two products: Product N70E and Product F54Y. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products N70E and F54Y.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$171,0009,000MHsMachine setupsNumber of setups$150,000250setupsProduct designNumber of products$78,0002products??Order sizeDirect labor-hours$330,00010,000DLHsActivity MeasureProduct N70EProduct F54YMachine-hours5,0004,000Number of setups150100Number of products11Direct labor-hours4,0006,000Using the ABC system, the percentage of the total overhead cost that is assigned to Product F54Y
is closest to: A. 24.01% B. 50.00% C. 27.16% D. 51.17%