Statement of Financial Accounting Standards No. 160, "Noncontrolling Interests in Consolidated Financial Statements: An Amendment of ARB No. 51", requires that the amount of equity interest provided by outside shareholders of subsidiaries that are not 100 %-owned by the parent company requires this amount be shown as
a. noncontrolling interest in the liabilities section of the balance sheet.
b. minority interest in the "mezzanine" section of the balance sheet between liabilities and owners' equity.
c. noncontrolling interest in the equity section of the balance sheet.
d. minority interest in the equity section of the balance sheet.
C
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________ enables a manager to make decisions, give orders, and utilize resources. For example, the manager of a local pizzeria has the right to hire and fire drivers based on their punctuality, performance, and customer-service ratings.
A. Power B. A clan culture C. A hierarchy of power D. Touching E. Authority
Which of the following statements best describes a subsequent event?
a. A subsequent event affects only subsequent reporting periods. b. A subsequent event is, in some cases, reflected in the statements of the preceding period. c. A subsequent event may occur any time after financial statements are issued. d. A subsequent event is not covered by the independent auditor's report.
A translation adjustment resulting from the translation process is disclosed on the financial statements as
a. a separate component of stockholders' equity. b. a below-the-line item on the income statement. c. an adjustment to retained earnings. d. a part of income from operations on the income statement.
One of the many negative consequences of being laid off is that it can reduce a person's self-esteem
Indicate whether the statement is true or false.