AB Corporation consolidates with YZ Corporation to form A-Z Corporation. The debts of AB Corporation are:
A) assumed by the stockholders of AB Corporation.
B) discharged by the process of consolidation.
C) assumed by the new corporation.
D) discharged by the issuance of new stock in A-Z Corporation.
C
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The following is from Goldman Inc's 2015 income statement. Purchases $182,000 Transportation-In 11,000 Inventory, January 1, 2015 26,500 Inventory, December 31, 2015 28,800 Purchase Returns and Allowances 8,400 How much will Goldman report as cost of goods purchased in its 2015 income statement?
a. $184,600 b. $193,000 c. $201,400 d. $211,100
Carefully explain 'poison pills' as an anti-takeover tactic.
What will be an ideal response?
The record of all accounts and their balances used by a business is called a:
A. Balance column journal. B. Ledger (or General Ledger). C. Chart of accounts. D. Journal. E. General Journal.
The AIDA model identifies the characteristics of an effective ________
A) advertising budget B) channel of communication C) marketing message D) marketing mix E) marketing response