Bond sinking fund earnings are
a. subtracted from the bond sinking fund;
b. added to the bond sinking fund; c. subtracted from the current year's
interest expense; d. added to the current year's interest expense; e. subtracted from retained earnings
B
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Cash inflows and outflows are easier to manipulate than earnings
Indicate whether the statement is true or false
On January 1, 20X8, Parent Company acquired 90 percent ownership of Subsidiary Corporation, at underlying book value. The fair value of the noncontrolling interest at the date of acquisition was equal to 10 percent of the book value of Subsidiary Corporation. On Mar 17, 20X8, Subsidiary purchased inventory from Parent for $90,000. Subsidiary sold the entire inventory to an unaffiliated company for $120,000 on November 21, 20X8. Parent had produced the inventory sold to Subsidiary for $62,000. The companies had no other transactions during 20X8.Based on the information given above, what amount of consolidated net income will be assigned to the controlling shareholders for 20X8?
A. $59,000 B. $52,200 C. $58,000 D. $55,000
The dictionary subject arrangement is not recommended a. when records are filed once a week
b. when a records retention schedule is not available. c. when the volume of records is greater than the amount that could be stored in two file drawers. d. when subject topics are easily identified without using subdivisions.
Sources of risk include 1 . fluctuating exchange rates 2 . a firm's financing decisions 3 . higher interest rates 4 . loss of purchasing power
a. 1 and 2 b. 2 and 3 c. 2 and 4 d. all four