What has caused psychologists to believe that there are universal emotions across countries?
a. results of recent value studies
b. the measurement system
c. convergence of wealth across countries
d. the universality of media images
b. the measurement system
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The concept of a "flat" world means
A. employees are learning to suppress negative emotion in the workplace. B. corporations are developing a preference for a new, flatter organizational structure. C. a recession now slows the economies of most nations simultaneously. D. globalization has leveled the playing field for emerging economies. E. businesspeople are now more conservative in their approach to investment.
In the performing stage of group development, members
A. prepare for disbandment. B. develop close relationships. C. concentrate on solving problems. D. test the leader's policies. E. hold back to see what will happen.
The primary reason for a stock split is to
a. distribute cash to the investor. b. decrease the market value of the stock. c. decrease the number of shares outstanding. d. increase the contributed capital of the corporation.
Protective Corporation acquired 70 percent of the common shares and 60 percent of the preferred shares of Safety Corporation at underlying book value on January 1, 20X6. At that date, the fair value of the noncontrolling interest in Safety's common stock was equal to 30 percent of the book value of its common stock. Safety's balance sheet at the time of acquisition contained the following balances: Assets$700,000 Liabilities$110,000 Preferred Stock 100,000 Common Stock 200,000 Retained Earnings 290,000 Total Assets$700,000 Total Liabilities and Equities$700,000 The preferred shares are cumulative and have an 8 percent annual dividend rate and are three years in arrears on January 1, 20X6. All of the $10 par value preferred shares are callable
at $12 per share. During 20X6, Safety reported net income of $80,000 and paid no dividends.Based on the information provided, what is the book value of the common stock on January 1, 20X6? A. $390,000 B. $490,000 C. $446,000 D. $420,000