________ should be kept in a safe at home or in a safety deposit box at a bank
Fill in the blank(s) with the appropriate word(s).
Answer: Financial documents
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Which of the following stock investments should be accounted for using the cost method?
a. investments of less than 20% b. investments between 20% and 50% c. investments of less than 20% and investments between 20% and 50% d. all stock investments should be accounted for using the cost method
Because of the context in which the global team leader is acting, he or she
A. is sheltered from most domestic political activity. B. needs to be able to cope with jet lag and cultural adjustment. C. needs to speak foreign languages and understand foreign cultures. D. confronts the added complexities created by globalization. E. needs to be aware of the possibility of terrorism, including electronic hacking.
A queuing model that follows the M/M/1 assumptions has ? = 10 and ? = 12. What is the average number of units in the system?
A) 0.83 B) 2 C) 2.5 D) 5 E) 6
The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 2018, prior to the business combination whereby Goodwin acquired Corr, are as follows (in thousands): Goodwin CorrRevenues$2,700 $600 Expenses 1,980 400 Net income$720 $200 Retained earnings, 1/1$2,400 $400 Net income 720 200 Dividends (270) (0)Retained earnings, 12/31$2,850 $600 Cash$240 $220 Receivables and inventory 1,200 340 Buildings (net) 2,700 600 Equipment (net) 2,100 1,200 Total assets$6,240 $2,360 Liabilities$1,500 $820 Common stock 1,080 400 Additional paid-in capital 810 540 Retained earnings 2,850 600 Total liabilities and stockholders' equity$6,240 $2,360 ??On December 31, 2018, Goodwin
obtained a loan for $600 and used the proceeds, along with the transfer of 30 shares of its $10 par value common stock, in exchange for all of Corr's common stock. At the time of the transaction, Goodwin's common stock had a fair value of $40 per share.??In connection with the business combination, Goodwin paid $25 to a broker for arranging the transaction and $35 in stock issuance costs. At the time of the transaction, Corr's equipment was actually worth $1,400 but its buildings were only valued at $560.?Compute the consolidated liabilities at December 31, 2018. A. $2,100. B. $1,500. C. $2,920. D. $2,320. E. $2,885.