If Errant used the equity method to account for its investment in Grub and had net income of $160,000 from its own operations (before making any entries to reflect its investment in Grub) and paid no dividends in 2018, what amount of consolidated retained earnings would appear on Errant's consolidated balance sheet as at December 31, 2018?
A) $130,000.
B) $160,000.
C) $60,000.
D) $300,000.
D) $300,000.
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Right of Subrogation. Levinson and Johnson, who had both signed a promissory note, did not pay the note when it was due. Instead, American Thermex, Inc, a corporation in which Johnson had a controlling interest, voluntarily paid the note. American
Thermex later brought suit against Levinson, seeking reimbursement for the payment. American Thermex argued, among other things, that because it had paid the note, it had the legal right of subrogation against the note's co-maker, Levinson. Will the court agree that American Thermex has a legal right of subrogation? Why or why not?
Which of the following weeks has a level estimate of 672 units approximately?
A) week 5 B) week 7 C) week 9 D) week 13
Leaders who help others with their needs and enhance their personal growth while strengthening the organization are known as
A) lateral leaders. B) authentic leaders. C) shared leaders. D) bridge leaders. E) servant-leaders.
Which of the following is an emerging American value?
What will be an ideal response?