A receipt issued by a warehouser for goods stored in a warehouse is a bill of lading
Indicate whether the statement is true or false
False
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Pilfer Company acquired 90 percent ownership of Scrooge Corporation in 20X7, at underlying book value. On that date, the fair value of noncontrolling interest was equal to 10 percent of the book value of Scrooge Corporation. Pilfer purchased inventory from Scrooge for $90,000 on August 20, 20X8, and resold 70 percent of the inventory to unaffiliated companies on December 1, 20X8, for $100,000. Scrooge produced the inventory sold to Pilfer for $67,000. The companies had no other transactions during 20X8.Based on the information given above, what amount of consolidated net income will be assigned to the controlling interest for 20X8?
A. $51,490 B. $20,100 C. $37,000 D. $53,100
Jackson and Violet are CEO’s of competing restaurants. For the past year they have been exploring the possibility of a merger, but they can’t seem to agree on terms. Before they meet, they need to perform the first step of any negotiation process. Which of the following would be the best first step for each of them?
a. Outline the goals and objectives they each would like to achieve b. Prepare a new mission for the new combined company c. Consider which employees to keep and which ones to let go after the merger d. Buy new outfits for their waitstaff
Which of the following statements is true of entrepreneurswho possess tolerance of failure?
A. They do not accept financial risk willingly. B. They tend to view nonsuccess as a chance to learn. C. They never stake their reputation on the success of an unproven product. D. They often name themselves losers when they fail.
The relationship between risk and return
A) is positive. B) is negative. C) is inverse. D) has no correlation.