Power resulting from a leader’s special knowledge or skill regarding the tasks being performed by followers is referred to as __________.
What will be an ideal response?
expert power
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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 cash account at December 31, 2018. A. $240. B. $435. C. $460. D. $425. E. $400.
Noncontrolling interest share of earnings is:
a. the total earnings of unconsolidated subsidiaries. b. earnings based on the percent of holdings by parent company of unconsolidated subsidiaries. c. the total earnings of consolidated subsidiaries. d. earnings based on the percent of holdings by outside owners of consolidated subsidiaries. e. none of the answers are correct.
When the net cash inflow is the same every year for a project after the initial investment, the internal rate of return of a project can be determined by dividing the initial investment required in the project by the annual net cash inflow. This computation yields a factor that can be looked up in a table of present values of annuities to find the internal rate of return.
Answer the following statement true (T) or false (F)
FASB board members make standard-setting decisions guided by a conceptual framework that addresses the objectives of financial reporting and qualitative characteristics of accounting information.. Briefly describe the objectives of financial reporting and qualitative characteristics of accounting information