Rapp Corporation purchases 75 percent of the stock of Sikora Corporation for $363,000 . Sikora has contributed capital of $200,000 and retained earnings of $284,000 . The consolidated financial statements will contain
a. minority interest and negative goodwill.
b. neither minority interest nor goodwill.
c. goodwill but not minority interest.
d. minority interest but not goodwill.
D
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Double-entry accounting requires that each transaction must be recorded
a. in only one account. b. None of answers listed c. in no more than two accounts. d. in at least two accounts.
What are the major exposures in the general ledger/financial reporting system?
A question asks respondents to evaluate a travel agency on a scale from 1 to 5 where 1 means "very dissatisfied" and 5 means "very satisfied." This is an example of a:
A) synthetic metric scale B) natural metric scale C) natural categorical scale D) closed-ended scale E) synthetic natural scale
Organizations are often NOT target audience-centered because they
a. pursue their mission and goals b. consider the needs and wants of the target audience c. concentrate on products, services and ideas d. focus substantially on research e. segment their target audiences