Within a given range of cells, the number of times a particular condition is satisfied is computed by using the _____ function

a. SUMIF
b. IF
c. VLOOKUP
d. COUNTIF


D

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The fraud triangle includes incentive, opportunity and an attitude to rationalize the fraud.

Answer the following statement true (T) or false (F)

Business

At the beginning of the year, Wilson Steel, Inc. purchased 10,000 shares of Barnes Metals, Inc. for $34,000 in exchange for cash and now holds 3.2% of the voting stock of Barnes Metals, Inc. The management of Wilson Steel intends to hold this stock for two years. Assuming no other transaction happened during the year, the ________ in the balance sheet will increase.

A) long-term assets B) cash C) total assets D) current assets

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It isn't necessary for marketing managers to be involved with marketing research specialists, since research requires statistical skills that managers usually don't have.

Answer the following statement true (T) or false (F)

Business

On January 3, 2018, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. There was no goodwill or other cost allocation associated with the investment. Roberts has significant influence over Thomas. During 2018, Thomas reported net income of $300,000 and paid dividends of $100,000. On January 4, 2019, Roberts sold 15,000 shares for $800,000.What is the appropriate journal entry to record the sale of the 15,000 shares?    A)Cash800,000  Investment in Thomas 800,000B)Cash800,000  Investment in Thomas 780,000 Gain on sale of investment 20,000C)Cash800,000  Loss on investment12,000  Investment in Thomas 812,000D)Cash800,000  Investment in Thomas 790,000 Gain on sale of investment 10,000E)Cash800,000  Loss on sale

of investment15,000  Investment in Thomas 815,000 A. C Above. B. E Above. C. D Above. D. A Above. E. B Above.

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