Answer the following statements true (T) or false (F)
An advantage of proportionate consolidation is that the minority interest category does not arise.
ANSWER: T
You might also like to view...
When a limited partnership is formed
A) the partnership activities are limited B) all partners have limited liability C) some of the partners have limited liability D) none of the partners have limited liability
Assertive people are NOT ________.
A. confident B. aggressive C. direct D. expressive
A company's cash receipts procedures include the following. Cashiers collect cash and issue a receipt at the point of sale. Supervisors take custody of the cash at the end of each cashier's shift and deposit it in the bank. Accounting staff then ensure the receipts from cash sales are properly recorded in the accounting system. Which internal control principle is most evident with these procedures?
A. Independently verify B. Document procedures C. Restrict access D. Segregate duties
The price strategy of a seller has a direct impact on ________ prices. a. quoted b. selling c. None of the choices
d. market e. buying