Select the item that BEST demonstrates ethical writing
a. Using imprecise language
b. Omitting relevant information
c. Emphasizing important information
d. Emphasizing misleading or incorrect information
c
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Describe four tasks the purchases computer application performs automatically in the integrated purchases processing system
The measure of activity that allows for routine variations in manufacturing activity is:
a. theoretical capacity b. practical capacity c. normal capacity d. expected capacity
The first planning issue in preparing how to handle a crisis is to ________
A) describe the actions that mitigate the risk B) identify the cause of the risk C) define the risk for each potentially affected audience D) demonstrate responsible management action
Perry Company acquires 100% of the stock of Hurley Corporation on January 1, 2017, for $3,800 cash. As of that date Hurley has the following trial balance: Debit CreditCash$500 Accounts receivable 600 Inventory 800 Buildings (net) (5 year life) 1,500 Equipment (net) (2 year life) 1,000 Land 900 Accounts payable $400 Long-term liabilities (due 12/31/20) 1,800 Common stock 1,000 Additional paid-in capital 600 Retained earnings 1,500 Total$5,300 $5,300 ??Net income and dividends reported by Hurley for 2017 and 2018 follow:? 20172018Net income$100 $120 Dividents 30 40 ??The fair value of Hurley's net assets that differ from their book values are listed
below:? Fair ValueBuildings$1,200 Equipment 1,250 Land 1,300 Long-term liabilities 1,700 ? ?Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life .?Compute the amount of Hurley's equipment that would be reported in a December 31, 2018, consolidated balance sheet. A. $1,125. B. $0. C. $1,250. D. $1,000. E. $1,200.