________ is the extension of company activities into stages of production that provide a firm's inputs or absorb its outputs
A) Decentralization
B) Vertical integration
C) Market penetration
D) Social stratification
B
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ValleyView Company acquires common stock of Kansas Enterprises for $400,000 on November 1, 2013, and designates this investment as available-for-sale. The fair value of these shares is $435,000 on December 31, 2013 . ValleyView sells these shares on August 15, 2014, for $480,000. (Refer to ValleyView.) The journal entry to measure securities available-for-sale on December 31, 2013 is:
a. Unrealized Holding Gain on Securities Available-for-Sale................35,000 Marketable Securities.....................................35,000 b. Unrealized Holding Gain on Securities Available-for-Sale................35,000 Common Stock...............................................35,000 c. Common Stock....................................... 35,000 Unrealized Holding Gain on Securities Available-for-Sale.......................35,000 d. Marketable Securities............................ 35,000 Cash.............................................................. 35,000 e. Marketable Securities........................... 35,000 Unrealized Holding Gain on Securities Available-for-Sale......................35,000
Extending credit to a customer has three major components:
A) a policy on how customers will qualify for credit, a policy on the payment plan allowed creditors, and a policy for collecting overdue bills. B) a policy on how customers will qualify for credit, a policy on paying commissions on sales, and a policy for collecting overdue bills. C) a policy on how customers will qualify for credit, a policy on the payment plan allowed creditors, and a policy on accounting for depreciation. D) a policy on how customers will qualify for credit, a policy on accounting for depreciation, and a policy on paying commissions on sales.
Import Controls. DaimlerChrysler Corp makes and markets motor vehicles. Daim-lerChrysler assembled the 1993 and 1994 model years of its trucks at plants in Mexico. Assem-bly involved sheet metal components sent from the United States. DaimlerChrysler
subjected some of the parts to a complicated treatment process, which included the application of coats of paint to prevent corrosion, to impart color, and to protect the finish. Under federal law, goods that are assembled abroad using U.S.-made parts can be imported tariff free. A federal statute provides that painting is "incidental" to assembly and does not affect the status of the goods. A federal regulation states that "painting primarily intended to enhance the appearance of an arti-cle or to impart distinctive features or characteristics" is not incidental. The U.S. Customs Ser-vice levied a tariff on the trucks. DaimlerChrysler filed a suit in the U.S. Court of International Trade, challenging the levy. Should the court rule in DaimlerChrysler's favor? Why or why not?
Workers' compensation law:
a. gives an employer immunity from employee tort suits arising from on-the-job accidents b. applies only to accidents that conform to a specific set of work-related injuries c. holds employees responsible for reimbursing employers for the cost of injuries for which employees are at fault d. is a federal program that is mandatory for nearly all workers e. all of the other choices