The consolidation method is used to account for long-term investments in equity securities with controlling influence.
Answer the following statement true (T) or false (F)
True
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Corporation ABC is in a highly competitive industry. NGO pressure has been exerted to have this industry change its sourcing policies. ABC decides to publicly announce that it is the first in the industry to change in sourcing policy. Spar and LeMure define this as a ________ response type used to gain a ________ advantage over others in the industry.
A) competitive; pre-emption B) resistance; pre-emption C) pre-emption; competitive D) capitulation; competitive E) resistance; collective
Under the allowance method, the charge off of a specific account receivable does not influence the income statement nor the net receivable on the balance sheet at the time of the charge off
Indicate whether the statement is true or false
Private international business contracts include a(n) ________ clause so that the parties know which family of law is to be applied in case of a dispute and what nation's courts will be used
A) choice-of-forum B) supremacy C) ouster D) foreign commerce
Vortex Corp. has 250,000 shares of common stock authorized. It has issued 85,000 shares and has reacquired 9,000 of these shares as treasury stock. Vortex subsequently declared a cash dividend of $6 per share.Required:What is the total amount of dividends that were declared?
What will be an ideal response?