In a recognizance, a party acknowledges in court that he or she will pay a specified sum of money if a certain event occurs
Indicate whether the statement is true or false
TRUE
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A __________ is a measurement framework that helps managers translate strategic goals into operational objectives.
A. benchmark B. trend analysis C. Balanced Scorecard D. cultural audit
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
Cash and credit management are typically the responsibility of the
A) treasurer. B) vice president of production and operations. C) controller. D) chief executive officer, or CEO.
Elise and Flair are partners in Gourmet Cupcakes, a new general partnership and business enterprise. As general partners, Elise and Flair are subject to liability that is
A. limited to the amount of their investment in Gourmet Cupcakes. B. limited to the deductible on Gourmet Cupcakes's insurance policy. C. limited to the extent that Elise and Flair believe to be reasonable. D. not limited with respect to Gourmet Cupcakes's obligations.