X owns 70% of Y, which in turn owns 25% of Z. X, also owns 20% of Z. Which of the following statements is correct?
On January 1, 2018, Hanson Inc. purchased 54,000 voting shares out of Marvin Inc.'s 90,000 outstanding voting shares for $240,000. On that date, Marvin's common shares and retained earnings were valued at $60,000 and $90,000, respectively. Marvin's book values approximated its fair values on the acquisition date with the exception of the company's equipment, which was estimated to have a fair value that was $50,000 in excess of its recorded book value. The equipment was estimated to have a useful life of eight years. Both companies use straight line amortization exclusively.
On January 1, 2019, Hanson purchased an additional 9,000 shares of Marvin Inc. on the open market for $45,000. On this date, Marvin's book values were equal to its fair values with the exception of the company's equipment, which is now thought to be undervalued by $60,000. Moreover, the equipment's estimated useful
life was revised to 5 years on this date.
Marvin's net income and dividends for 2018 and 2019 are as follows:
Marvin's goodwill suffered an impairment loss of $5,000 during 2018. Hanson Inc. uses the equity method to account for its investment in Marvin Inc.
A) X has no control over Z.
B) X has indirect control over Z.
C) X has contingent control over Z.
D) X has direct control over Z.
A) X has no control over Z.
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When examining competitors for the IMC planning process, it is essential to identify domestic competitors, but not foreign or international competitors
Indicate whether the statement is true or false
The relevant range is that range of activity:
A. where management expects the firm to operate. B. where units produced equal units sold. C. where the firm will earn a profit. D. where a company achieves its maximum efficiency. E. where expected results are abnormally high.
Which of the following is a result of a developer having a subdivision annexed by a city?
A)?The developer faces fewer rules and regulations B)?The city constructs the streets and sidewalks C)?The developer will still have to provide trash collection D)?All of the above
LRC stands for:
A) latitudinal redundancy checking B) longitudinal redundancy checking C) lassiter reconnection charging D) lateral reconnection charting