The balance sheet indicates that Paul Corporation owns 40 percent of the common stock of Sun Company. During Year 2, Sun Company earned $12,000 and paid $4,000 of dividends. Paul Corporation made the following entries on its books during the year. Investment in Company B . . . . . . . . . . . . . . . . . . . . . 4,800 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . .
. . 4,800 Net income of Paul Corporation includes $4,800 of equity income. It received only $1,600 of cash. The T-account work sheet for preparing the statement of cash flows
a. adds $3,200 to net income in deriving cash from operations.
b. subtracts $1,600 from net income in deriving cash from operations.
c. adds $1,600 to net income in deriving cash from operations.
d. subtracts $3,200 from net income in deriving cash from operations.
e. adds $3,200 to retained earnings in deriving cash from investing.
D
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The principles of secularism in the public arena (as in Turkey) and of freedom from religion (as in France) are used to justify:
a. A ban on gender discrimination in schools and in the workplace b. A ban on different languages in schools and in the workplace c. A ban on prominent religious attire in schools and in the workplace d. Appropriate religious attire in schools and the workplace
Micah buys a share of Betsy's Pizza, which is unregistered. If it was not exempt from registration, Micah may return the stock and get his money back
Indicate whether the statement is true or false
One reason people resist change in an organization is that their future has been set and cannot be changed.
Answer the following statement true (T) or false (F)
Which of the following is the correct order of the steps in formulating a total compensation strategy?
A. Assess the strategy, map the strategy, implement the strategy, and reassess the strategy. B. Assess the strategy, implement the strategy, map the strategy, and reassess the strategy. C. Map the strategy, implement the strategy, assess the strategy, and reassess the strategy. D. Map the strategy, assess the strategy, implement the strategy, and reassess the strategy.