Identify the subject in the sentence. Colin writes a blog about college life
Colin
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The first stage in the budgeting process is the preparation of a sales budget
Indicate whether the statement is true or false
If A's ocean cargo is thrown overboard in order to save a sinking ship and B's cargo is saved as a result, B must contribute to A for the loss
Indicate whether the statement is true or false
On December 31, 20X8, Polaris Corporation acquired 100 percent ownership of Star Corporation. On that date, Star reported assets and liabilities with book values of $300,000 and $100,000, respectively, common stock outstanding of $50,000, and retained earnings of $150,000. The book values and fair values of Star's assets and liabilities were identical except for land which had increased in value by $10,000 and inventories which had decreased by $5,000.Based on the preceding information, what amount of differential will appear in the consolidating entries required to prepare a consolidated balance sheet immediately after the business combination, if the acquisition price was $240,000?
A. $40,000 B. $5,000 C. $25,000 D. $0
Which of the following statements about tax subsidies for higher education is false?
A. Individuals may be allowed to exclude interest earned on the redemption of education savings bonds from gross income. B. Individuals can claim an American Opportunity Credit for a limited amount of college tuition, fees, and course materials. C. Individuals can deduct a limited amount of interest paid on qualified education loans as an above-the-line deduction. D. None of the above is false.