A retainer fee ensures that the attorney will remain available for the client
Indicate whether the statement is true or false
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Which of the following data stores is updated for job specifications?
a. labor-force planning data b. skills inventory data c. payroll data d. termination data
Sampson Apparel Inc Sampson Apparel Inc incurred actual variable overhead expenses of $20,000 in the current year for the production of 5,000 units. Variable overhead was applied at a rate of $1.50 per direct labor hour and 2 direct labor hours were budgeted for each unit. The company used 9,000 direct labor hours for production. Refer to the Sampson Apparel Inc information above. What was
Sampson's variable overhead efficiency variance? A) $6,500 U B) $6,500 F C) $1,500 U D) $1,500 F
If leased premises violate the building code, what is the effect on the lease agreement?
A) The lease agreement is void B) There is no effect on the lease agreement C) The tenant has the right to undertake all repairs D) None of the above
On January 1, 20X9, Pirate Corporation acquired 80 percent of Sea-Gull Company's common stock for $160,000 cash. The fair value of the noncontrolling interest at that date was determined to be $40,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Pirate Corp.Sea-Gull Corp.Cash $60,000 $20,000 Accounts Receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and Equipment 200,000 150,000 Less: Accumulated Depreciation (80,000) (50,000) Investment in Sea-Gull Corp. 160,000 Total Assets $610,000 $230,000 Accounts Payable $110,000 $30,000 Bonds
Payable 95,000 40,000 Common Stock 200,000 40,000 Retained Earnings 205,000 120,000 Total Liabilities and Equity $610,000 $230,000 At the date of the business combination, the book values of Sea-Gull's net assets and liabilities approximated fair value except for inventory, which had a fair value of $45,000, and land, which had a fair value of $60,000.Based on the preceding information, what amount will be reported as noncontrolling interest in the consolidated balance sheet prepared immediately after the business combination? A. $46,000 B. $15,000 C. $40,000 D. $0