A minority active investment is accounted for by the:
A. lower of cost or market method.
B. equity method.
C. speculative investment method.
D. cost method.
Answer: B
You might also like to view...
Differentiate between three types of social issues: generic, value chain, and social dimensions of competitive context.
What will be an ideal response?
__________is a fast-growing way to conduct global business in which all or part of the payment for goods or services is in the form of other goods and services
Fill in the blanks with correct word.
Randi owns a 40% interest in the capital and profits of the RAY Partnership. Immediately before she receives a proportionate current (nonliquidating) distribution from RAY, the basis for her partnership interest is $60,000. The distribution consists of $45,000 in cash and land with a fair market value of $72,000. RAY's adjusted basis in the land immediately before the distribution is $36,000. As a result of the distribution, Randi recognizes a gain of $57,000.
Answer the following statement true (T) or false (F)
Buddy, an employee at a company, is extremely eager to take up higher positions in the organization. He is an extravert and tries to influence the decisions made by his boss. He prefers to lead his colleagues rather than follow them. According to the trait approach to leadership, Buddy displays
A. integrity. B. supervision. C. motivation. D. expert leadership. E. knowledge of the business.