The credibility standard in the Statement of Ethical Professional Practice of the IMA requires that an accounting professional should:
A. Communicate information fairly and objectively
B. Disclose all relevant information that might affect the intended user's understanding of the reports, analyses or recommendations
C. Disclose delays or deficiencies in information, timeliness, processing or internal controls in conformance with organization policy and the law
D. All of the above
D. All of the above
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Match each term with the correct statement below.
a. pull strategy b. sweepstakes c. price skimming d. selective advertising e. push strategy f. penetration pricing 1. A majority of the advertising 2. Setting a price high during the introduction stage of the product life cycle 3. A firm promotes its product directly to consumers 4. Initially pricing a product below that of the competition in order to gain market share 5. A firm strongly promotes its product to wholesalers and retailers
In the purchase of a new computer monitor, which of the following is an example of a user?
A. an IT manager who supplies information for evaluating alternatives B. a secretary whose computer monitor is being replaced C. a supply manager who helps write specifications D. a receptionist who controls the flow of information E. a purchasing manager who arranges the terms of the sale
Components of an effective sexual harassment policy include
A. developing different sexual harassment policies for different parts of the company. B. establishing a formal complaint procedure in which employees can discuss problems. C. taking action as soon as the person guilty of sexual harassment has confessed. D. establishing an informal policy for dealing with sexual harassment incidents. E. directing supervisors to learn about harassment policy during their time off.
Jull Corp. owned 80% of Solaver Co. Solaver paid $250,000 for 10% of Jull's common stock. In 2018, Jull and Solaver reported separate net incomes (not including income from the investment) of $300,000 and $80,000, respectively. Jull and Solaver declared dividends of $120,000 and $50,000, respectively.Required:Under the treasury stock approach, what is Jull's net income attributable to the controlling interest in Solaver Co..?
What will be an ideal response?