Sociability demonstrates understanding, friendliness, adaptability, empathy, and politeness in group settings
Indicate whether the statement is true or false.
TRUE
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Mini-Case Question. The current relative market share of Sparks Inc. is ________
A) 166.7 B) 133.3 C) 105.5 D) 75.5 E) 60
Strategic decision are subordinate to tactical planning decisions
Indicate whether the statement is true or false
Most mass media advertising probably receives ________ processing because very few people are actually in the market for a particular product at any given time.
A. perceptual B. central C. elaborate D. habitual E. peripheral
Pappas Company owns 85 percent of Sunny Company's stock and 80 percent of Sibble Company's stock. All acquisitions were made at book value. The fair values of noncontrolling interests at the time of acquisition were equal to the proportionate share of the book values of the companies. The companies file a consolidated tax return each year and in 20X9 paid a total tax of $112,000. Each company is involved in a number of intercompany inventory transfers each period. Information on the companies' activities for 20X9 is as follows: 20X9 ReportedOperating Income20X8 IntercompanyProfit Realized in 20X920X9 Intercompany ProfitNot Realized in 20X9Pappas Company$155,000 $25,000 $15,000 Sunny Company 35,000 10,000 6,000 Sibble Company 60,000 28,000 12,000 Pappas Company does not
record income tax expense on income from subsidiaries because a consolidated tax return is filed.Based on the information provided, what amount of income tax expense should be assigned to Pappas Company? A. $62,000 B. $72,000 C. $66,000 D. $112,000