FASB Statement No. 115 generally applies when the level of ownership of another company is at what percentage?
a. More than 50%
b. 20%–30%
c. 30%–50%
d. Less than 20%
D
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Which of the following is a drawback of the franchise ownership?
A. The franchisor lacks any benefit from the success of his or her franchisee. B. The franchisee must join a single-store retailer to become independent of the franchisor. C. The franchisee lacks any kind of off- or onsite training from the franchisor. D. The franchisor must incur the capital costs like purchase and modification of the retail space. E. The franchisee must adhere to the franchisor's rules and operating guidelines.
In a decentralized organization,
a. all functions are delegated to subunit managers who are closest to the information. b. subunits under the control of a single manager are normally grouped by organizational structure. c. it would be difficult to group geographically related subunits pursuing different missions under the same manager. d. functions such as financing and product/service pricing are typically retained by top management.
________ segmentation is sometimes referred to as segmentation by lifestyle or values.
A. G ender B. Occupational C. Geographic D. Educational E. Psychographic
In determining the cash flows from operating activities for the statement of cash flows by the indirect method, the depreciation expense for the period is added to the net income for the period
Indicate whether the statement is true or false