Which of the following regarding the preparation of Consolidated Financial Statement is correct?
A) Once the parent company prepares Consolidated Financial Statements, it no longer
needs to prepare financial statements for its own activities.
B) Consolidated Financial Statements are required by the Parent Company for
reporting purposes only; each company must continue to prepare its own Financial
Statements.
C) Consolidated Financial Statements are required only when both companies are
publicly traded.
D) Only the subsidiaries are required to prepare Financial Statements.
B) Consolidated Financial Statements are required by the Parent Company for
reporting purposes only; each company must continue to prepare its own Financial
Statements.
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Henry, an employee at Marine Corp., is known for his short temper. One morning, he gets into a heated argument with one of his supervisors and responds with hostility. Rather than immediately terminating Henry, his manager, Evelyn, calls him in for a discussion. Evelyn treats Henry with dignity and respect, listening to what he has to say about the incident. This scenario can be best categorized as one that uses
A. interactional justice. B. retributive justice. C. restorative justice. D. impassive justice. E. distributive justice.
Preferred stock on which the claims for dividends may be accumulated from year to year is called
a. participating; b. nonparticipating; c. cumulative; d. noncumulative; e. preferred
A branding strategy in which a company uses one name for all its products in a product class is referred to as ________.
A. brand licensing B. multibranding C. public branding D. multiproduct branding E. global branding
A minimum rate of return will be set by the organizations to guard
a. the minimum costs b. the profitability c. fixed costs d. variable costs