U.S. GAAP view investments of less than 20 percent of the voting stock of another company as
a. minority, passive investments.
b. minority, active investments.
c. majority, passive investments.
d. majority, active investments.
e. a controlled entity.
A
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Global marketing authority, Theodore Levitt, has noted that many ethnic and regional foods–sushi, for example–are enjoying popularity in many countries of the world. This observation is known as the:
A) pluralization of consumption. B) ethnicitization of consumption. C) democratization of consumption. D) sophistication of consumption. E) domestication of consumption.
An auditor's review of the repair expense to identify any capital expenditures is a test related to which management assertion?
a. Existence b. Completion c. Valuation d. Rights and Obligation
Answer the following statements true (T) or false (F)
1. Fixed cost per unit is assumed to be constant within a particular relevant range of activity. 2. During the current year, Dubois, Inc. incurred $9,000 in fixed costs and $13,000 in variable costs. If the number of units produced is halved next year, the company will incur $4,500 as fixed costs and $6,500 as variable costs. 3. Within the relevant range, the total fixed costs and the variable cost per unit remain the same. 4. Total fixed costs can change from one relevant range to another. 5. The high-low method requires the identification of the lowest and highest levels of total costs, not activity, over a period of time.
A slide deck printout makes an effective audience handout
Indicate whether the statement is true or false