Gale Company owns 87% of the outstanding stock of Leonardo Company. Leonardo Company is referred to as the
A) parent
B) minority interest
C) affiliate
D) subsidiary
D
You might also like to view...
According to the context diagram for the purchasing process, when a purchase order is sent to the purchaser, the vendor responds by sending the goods along with a packing slip
Indicate whether the statement is true or false
________ is the generation of a continuum upon which measured objects are located
A) Ranking B) Measurement C) Scaling D) Rating
In a ______, the amount received upon retirement will depend on the success of the investment of the retirement funds over the years.
A. utilization analysis B. vesting C. defined contribution plan D. defined benefit plan
Doug Miller is the owner and operator of Miller's Arcade. At the end of its accounting period, December 31, 2009, Miller's Arcade has assets of $450,000 and liabilities of $125,000. Using the accounting equation, determine the following amounts: a)
Owner's Equity as of December 31, 2009. b) Owner's Equity as of December 31, 2010, assuming that assets increased by $65,000 and liabilities increased by $35,000 during 2010.