The SEC (Securities and Exchange Commission) requires Stock Subscriptions Receivable to be treated as a
a. current asset; b. current liability; c. contra-asset; d. contra-equity; e. equity account.
D
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A survey about pet ownership used a sample derived from people who visit a website and register. This sample would lack ________ because not everyone has Internet access
A) flexibility B) validity C) responsiveness D) reliability E) representativeness
How much would the monthly payment be on a mortgage of $250,000 for 30 years at a rate of 6.0%?
A) $1,498.87 B) $1,779.48 C) $743.66 D) $721.73 E) $1,450.03
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Demers earns income and pays dividends as follows: 2019 2020 2021Net income$100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 ??Assume the partial equity method is applied.?Compute the noncontrolling interest in the net income of Demers at December 31, 2021.
A. $12,600. B. $14,000. C. $26,000. D. $24,600. E. $20,400.
Firms that wish to minimize risk will attempt to
A) minimize the standard deviation of expected cash flows. B) maximize the standard deviation of expected cash flows. C) maximize expected cash flows. D) balance expected cash flows with the standard deviation of expected cash flows.