Outsourcing manufacturing jobs from the United States to developing countries is an example of a utilitarianism application
Indicate whether the statement is true or false
TRUE
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Service markets are shaped by all of the following except ____________
a. government policies b. social changes c. global economic change d. business trends e. advances in information technology
The break-even quantity is the volume at which the total revenue equals total cost
Indicate whether the statement is true or false
Morris Lest, Inc. sold its delivery truck for $500 more than its book value. The sale will result in a(n):
A. decrease in Accounts Payable on the balance sheet. B. increase in net income on the income statement. C. increase in Cost of Goods Sold on the income statement. D. decrease in gross profit on the income statement.
These questions are based on the following information and should be viewed as independent situations.Popper Co. acquired 80% of the common stock of Cocker Co. on January 1, 2016, when Cocker had the following stockholders' equity accounts. Common stock - 40,000 shares outstanding$140,000 Additional paid-in capital 105,000 Retained earnings 476,000 Total stockholders' equity$721,000 ??To acquire this interest in Cocker, Popper paid a total of $682,000 with any excess acquisition date fair value over book value being allocated to goodwill, which has been measured for impairment annually and has not been determined to be impaired as of January 1, 2019. Popper did not pay any premium when it acquired its original interest in Cocker. On January 1, 2019, Cocker reported a net
book value of $1,113,000 before the following transactions were conducted. Popper uses the equity method to account for its investment in Cocker, thereby reflecting the change in book value of Cocker.?On January 1, 2019, Cocker issued 10,000 additional shares of common stock for $21 per share. Popper did not acquire any of this newly issued stock. How would this transaction affect the additional paid-in capital of the parent company? A. Decrease it by $45,060. B. $0. C. Decrease it by $68,250. D. Decrease it by $23,240. E. Decrease it by $64,720.