An unauthorized signature binds the person whose name is signed.
Answer the following statement true (T) or false (F)
False
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Consider a situation in which there is 90% unaided awareness for a brand of athletic shoes, with purchases of 10%. Which of the following best describes the purchase funnel for this scenario?
A) very wide at the top and narrow at the bottom B) very narrow at the top and wide at the bottom C) very narrow and vertical D) very wide and vertical E) very wide and horizontal
A government's Statement of Revenues, Expenditures, and Changes in Fund Balances reflected proceeds of bonds in the amount of $1,000,000. That statement also reflected expenditures for debt service in the amount of $3,000,000, including $2,600,000 for principal payments. Assuming no other changes, the effect, when moving from the change in fund balances in the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the change in Net Position for governmental activities in the Statement of Activities would be a:
A. $1,600,000 decrease. B. $1,600,000 increase. C. $1,000,000 decrease. D. $1,000,000 increase.
Postage Corporation acquired 75 percent of Stamp Corporation's common stock on December 31, 20X8, for $300,000. The fair value of the noncontrolling interest at that date was determined to be $100,000. Stamp's balance sheet immediately before the combination reflected the following balances: Cash and Receivables$40,000 Inventory 70,000 Land 90,000 Buildings and Equipment (net) 250,000 Total Assets$450,000 Accounts Payable$30,000 Income Taxes Payable 40,000 Bonds Payable 100,000 Common Stock 100,000 Retained Earnings 180,000 Total Liabilities and Stockholders' Equity$450,000 A careful review of the fair value of Stamp's assets and liabilities indicated that inventory, land, and buildings and equipment (net) had fair values of $65,000, $100,000, and, $300,000
respectively. Goodwill is assigned proportionately to Postage and the noncontrolling shareholders.Based on the preceding information, what amount will be reported as investment in Stamp Corporation stock in the consolidated balance sheet immediately following the acquisition? A. $0 B. $400,000 C. $210,000 D. $300,000
Which of the following does a post-money valuation include that a pre-money valuation does not?
a. market value b. replacement value c. excess earnings d. venture capital investment