Noncontrolling interest reflects the ownership of noncontrolling stockholders in the equity of consolidated subsidiaries less than wholly occurred
Indicate whether the statement is true or false
T
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On the maturity date of a bond investment, the journal entry includes ________.
A) a debit to Cash and a credit to Held-to-Maturity Debt Investments B) a debit to Long-term Investments and a credit to Cash C) a debit to the Interest Revenue and a credit to Cash D) recording a gain or loss on disposition at maturity
Which of the following is issued to shareholders by a corporation as evidence of the ownership of rights to acquire its unissued or treasury stock?
a. Stock options b. Stock rights c. Stock dividends d. Stock subscriptions e. None of these choices is correct.
Ramirez Corporation sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variable costs per unit of $90 and a selling price of $150. Q-Drive Plus has variable costs per unit of $105 and a selling price of $195. The weighted-average unit contribution margin for Ramirez is
A. $50 B. $71 C. $80 D. $81
Which of the following is true regarding the Gramm-Leach-Bliley Financial Modernization Act?
a. It requires that financial institutions provide privacy protections to consumers, that customers be given notice before the sharing of personal information with other entities occurs, and that customers be given the right to opt out of disclosures to third parties. b. It requires that financial institutions provide privacy protections to consumers and that customers be given notice before the sharing of personal information with other entities occurs, but not that customers be given the right to opt out of disclosures to third parties. c. It requires that financial institutions avoid giving out specific information about the amount of funds in customer accounts, but other customer information may be given to third parties without providing customer notification. d. It addresses the amount of financial reserves a bank must hold and bank lending practices, but it does not address customer privacy concerns.