Front offices generally emphasize top quality and customization
Indicate whether the statement is true or false
TRUE
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Leadership is the ability to ______ employees to pursue organizational goals.
A. force B. reward C. request D. influence E. compensate
Which of the following is TRUE of the general journal?
A) All transactions recorded in one of the special journals are also recorded in the general journal. B) Manual accounting information systems do not need the general journal. C) The adjusting entries and the closing entries are recorded in the general journal. D) Non-routine transactions are generally not recorded in the general journal.
Purchaser Corporation acquires 30% of the outstanding voting common shares of the Investee Corporation for $600,000 . Purchaser Corporation acquires the investment in Investee Corporation by buying previously issued shares of Investee Corporation from other investors. When Purchaser Corporation acquired 30% of Investee Corporation's common shares for $600,000, Investee Corporation's total
shareholders' equity was $1.5 million. Purchaser Corporation's cost exceeds the carrying value of the net assets acquired by $150,000 [ $600,000 - (0.30 x $1,500,000)]. Purchaser Corporation attributes the $150,000 excess purchase price as follows: $100,000 to remeasure buildings and equipment to fair value and $50,000 to goodwill. Which of the following is/are true? a. Purchaser Corporation does not reclassify this excess out of its Investment in Stock of Investee Corporation account to Buildings and Equipment and to Goodwill. b. Purchaser Corporation must amortize (or depreciate) any amount attributed to assets with limited lives. c. Purchaser Corporation must depreciate the $100,000 attributed to buildings and equipment over their remaining useful lives. d. U.S. GAAP and IFRS do not permit the investor to amortize the excess purchase price attributed to goodwill and other assets with indefinite lives. Instead, the investor must test the investment account annually for possible impairment. e. all of the above
Which of the following can be considered a measure of risk in cost-volume-profit analysis?
A) margin of safety B) operating leverage C) both a and b D) neither a nor b