U.S. GAAP view investments of between 20 and 50 percent of the voting stock of another company (unless evidence indicates that significant influence cannot be exercised) as
a. minority, passive investments.
b. minority, active investments.
c. majority, passive investments.
d. majority, active investments.
e. marketable securities.
B
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Attribute sampling is used in which of the following situations?
a. Testing rates of deviations of controls. b. Testing the reasonableness of account balances. c. Need to estimate some amount. d. Both A and B.
If only common stock is outstanding, total stockholders' equity divided by the number of shares of common stock outstanding is called the
a. par or stated value per share. b. call value per share. c. book value per share. d. market value per share.
On December 1 . 2014, Boron Inc signed an operating lease for a warehouse for ten years at $15,000 per year. Upon execution of the lease, Boron paid $30,000 covering rent for the first two years. How much should be shown in Boron's income statement for the year ended December 31 . 2014, as rent expense?
a. $0 b. $1,250 c. $15,000 d. $30,000
The central selling point in a persuasive message
a. appears only once in the message and should, therefore, be carefully placed for best effect. b. is usually price. c. can be thought of as the message's theme and appears throughout the message as a common thread. d. appears only in the attention and action stages.