Under the cost method of accounting for unconsolidated investments in common stock, goodwill amortization
a. reduces the investment account.
b. increases the investment account.
c. reduces both investment income and the investment account.
d. is not recorded.
D
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Cash flows from operating activities usually relate to an increase or decrease in either a current asset or a current liability
a. True b. False Indicate whether the statement is true or false
Which of the following statements is not true about how power is related to ethical choices in negotiation?
A. Negotiators with power are more likely to work through moral dilemmas using end-result ethics. B. Negotiators with unequal power may encounter frustration with each other when it comes to ethics. C. A lack of power disposes negotiators to focus more on consequences. D. Having power, or not having it, may affect the style of reasoning a person uses to judge the ethics of a situation.
Which of the following is TRUE of the traditional format of the income statement?
A) It is prepared under the variable costing method. B) It shows contribution margin as a line item. C) It is not allowed under GAAP. D) It is prepared under the absorption costing method.
Four steps are necessary in preparing a production cost report:
1. Compute output in terms of equivalent units of production 2. Assign costs to units completed and units in process 3. Summarize the flow of physical units 4. Compute the cost per equivalent unit of production Place these steps in the correct order. A) 1, 3, 2, 4 B) 3, 1, 4, 2 C) 2, 1, 4, 3 D) 4, 2, 1, 3