When possible, operational goals should be expressed in quantitative terms.
Answer the following statement true (T) or false (F)
True
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Joint costs are not considered relevant in sell or process further decisions
Indicate whether the statement is true or false
The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 2018, prior to the business combination whereby Goodwin acquired Corr, are as follows (in thousands): Goodwin CorrRevenues$2,700 $600 Expenses 1,980 400 Net income$720 $200 Retained earnings, 1/1$2,400 $400 Net income 720 200 Dividends (270) (0)Retained earnings, 12/31$2,850 $600 Cash$240 $220 Receivables and inventory 1,200 340 Buildings (net) 2,700 600 Equipment (net) 2,100 1,200 Total assets$6,240 $2,360 Liabilities$1,500 $820 Common stock 1,080 400 Additional paid-in capital 810 540 Retained earnings 2,850 600 Total liabilities and stockholders' equity$6,240 $2,360 ??On December 31, 2018, Goodwin
obtained a loan for $600 and used the proceeds, along with the transfer of 30 shares of its $10 par value common stock, in exchange for all of Corr's common stock. At the time of the transaction, Goodwin's common stock had a fair value of $40 per share.??In connection with the business combination, Goodwin paid $25 to a broker for arranging the transaction and $35 in stock issuance costs. At the time of the transaction, Corr's equipment was actually worth $1,400 but its buildings were only valued at $560.?Compute the consolidated receivables and inventory for 2018. A. $1,800. B. $2,140. C. $1,540. D. $1,515. E. $1,200.
A computer operator was in a hurry and accidentally used the wrong master file to process a transaction file. As a result, the accounts receivable master file was erased. Which control would prevent this from happening?
a. header label check b. expiration date check c. version check d. validity check
________ questions ask about the consequences of the buyer's problems
A) Situation B) Problem C) Implication D) Need-payoff E) Solution