An equity security does not represent an ownership interest in a corporation, although it pays dividends
Indicate whether the statement is true or false
FALSE
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On January 1, 2018, the Husky Corporation acquired 90% of the Spartan Company's voting stock for $2,700,000. Spartan's net assets had a book value of $2,450,000; the fair value of Spartan's building was $325,000 greater than its book value. The book value of Husky's net assets immediately after the acquisition of Spartan totaled $6,850,000.What is the amount of goodwill to be reported on the January 1, 2018 consolidated balance sheet?
A. $202,500 B. $550,000 C. $225,000 D. $495,000
The journal entry to record the payment of an ordinary note is:
A) debit Cash; credit Notes Payable. B) debit Cash; credit Accounts Payable. C) debit Notes Payable and Interest Expense; credit Cash. D) debit Notes Payable and Interest Receivable; credit Cash.
A hacker is someone who uses one computer to break into another.
Answer the following statement true (T) or false (F)
Productivity can best be described as
A. a country's total output. B. the efficiency of a company's operations. C. economic growth in a country. D. the average level of output per worker per hour. E. the average level of output per worker per year.