Under the equity method of accounting for a stock investment, a proportionate share of the investee's income is recorded on the investor's records
Indicate whether the statement is true or false
True
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In most organizations, the first step in the personnel selection process is
A. screening the applications to see which ones meet the basic requirements for the job. B. inviting candidates with the best abilities to the organization for one or more interviews. C. verifying the applicants' qualifications through reference and background checks. D. negotiating with the employee regarding salary and benefits. E. administering tests and reviewing work samples to rate the candidates' abilities.
(n) _____ is essentially a targeted marketing letter sent to someone who may need your products or services
A) contract B) statement of work C) deliverable D) unsolicited sales proposal E) business case
Which of the following is an incorrect enterprise view of information technology?
A. Granularity is coarse for executives and fine for analysts B. Processing is OLTP for executives and OLAP for analysts C. Processes are analytical for executives and transactional for analysts D. None of these
Freiman Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars) Year 2Year 1Assets Current assets: Cash$160 $120 Accounts receivable, net 220 240 Inventory 120 130 Prepaid expenses 40 40 Total current assets 540 530 Plant and equipment, net 700 700 Total assets$ 1,240 $ 1,230 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$130 $150 Accrued liabilities 90 90 Notes payable, short term 60 70 Total current liabilities 280 310 Bonds payable 280 290 Total liabilities 560 600 Stockholders' equity: Common stock, $2 par value 100 100
Additional paid-in capital 200 200 Retained earnings 380 330 Total stockholders' equity 680 630 Total liabilities & stockholders' equity$ 1,240 $ 1,230 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,310 Cost of goods sold 780 Gross margin 530 Selling and administrative expenses 359 Net operating income 171 Interest expense 35 Net income before taxes 136 Income taxes (30%) 41 Net income$ 95 The current ratio at the end of Year 2 is closest to: A. 0.44 B. 1.04 C. 1.93 D. 0.45