Assume that Parent Inc. purchased a controlling interest in Sub Inc. on August 1, 2018 and decides to prepare an Income Statement for the combined entity on the date of acquisition. If Parent acquired 80% of Sub Inc. on that date, what would be the net income reported for the combined entity (for the year ended July 31, 2018)?
A) $104,000 B) $130,000 C) $120,000 D) Nil
C) $120,000
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Which of the following actions would make Sarah liable for battery?
A) She publishes an article asking the current U.S. President to quit because she thinks he is not doing a good job. B) She extends her backyard fence, encroaching on two feet of her neighbor's land. C) She smuggles marijuana into the country. D) She slaps her ex-husband because he denied her alimony.
What amount did the Indigenous Employment Policy in 1999 compensate employers for providing long-term employment to indigenous workers?
a. Up to AU$4,400 b. Up to AU$10,000 c. Up to US$4,400 d. Up to US$10,000
Which of the following is NOT an asset account:
A. Land B. Buildings C. Services Revenue D. Cash E. Equipment
In a "Portfolio Selection" application, the objective function is always to minimize risk, given a set of legal and policy constraints
Indicate whether the statement is true or false