Diversity
What will be an ideal response?
People with different skills, thinking styles, and personal characteristics provides a source of creativity and healthy level of disagreement that leads to better decision making.
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Individuals with a high level of internal locus of control believe that the outcomes they obtained are largely a result of
A. chance. B. effort. C. fate. D. circumstance.
A bond's maturity date is the date on which:
A. the market interest rate equals the coupon rate on a bond. B. the principal amount of the debt is due. C. investors make no capital gain or loss on an investment. D. the interest payment is due. E. the market value of the bond is more than its face value.
If Maker is considered to be an integrated foreign subsidiary (i.e., the functional currency of the foreign operation is the same as the parent), what amount will be shown for amortization expense on Holdings consolidated income statements for the year ended on December 31, 2017?
Maker Ltd., an American company, acquired US$200,000 of capital assets on January 1, 2015, when the
company was established. These assets were being amortized over 10 years on a straight-line basis, with no
significant residual value expected. On January 1, 2016, Holdings Inc., a Canadian company with no capital
assets of its own, acquired 100% of the outstanding shares of Maker. US$40,000 of the acquisition differential
was allocated to the capital assets, which had eight years remaining economic life on the acquisition date.
On March 1, 2017, Maker acquired a further $80,000 of capital assets, which had an estimated useful life of eight years from that date.
Exchange rates for the period from January 1, 2015 to December 31, 2017 were:
A) $29,010. B) $29,210. C) $27,500. D) $29,425.
Which of the following methods of perfection should a bank use if it wishes to ensure it will not have to expend efforts in repossession?
A. Perfection by implication. B. Perfection by possession. C. Perfection by collateral in interest. D. A bank cannot ensure it will not have to repossess the collateral. E. Perfection by filing.