If one company owns more than 50% of the common stock of another company a
A) a partnership exists.
B) parent-subsidiary relationship exists.
C) the company whose stock is owned must be liquidated
D) the cost method should be used to account for the investment.
B
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The commitment of corporations to make financial contributions in a community's interest very much depends on ________
A) profits B) voluntarism C) enlightened self-interest D) the CSR policy
The director of a professional organization who asks for a report on developing an online newsletter for members may request a justification report to support the recommended decision
Indicate whether the statement is true or false
Which of the following need NOT be included in the certificate filed by a limited partnership?
a. The name of the limited partnership. b. The name and address of the agent for service of process. c. The names and addresses of each of the limited partners. d. The name and business address of each general partner.
If an adjusting entry includes a debit to Rent Expense, it indicates that the payment of rent had been previously recorded as a(n) ________
A) deferred expense B) depreciation expense C) accrued expense D) accrued revenue