Both U.S. GAAP and IFRS often refer to ownership of a(n) _____ of the voting stock of another entity as indicating control, unless evidence indicates that the owner cannot exercise control
a. direct investment
b. indirect investment
c. majority
d. minority
e. effective control
C
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Which of the following is true of a stock dividend?
A. Does not affect total equity, but transfer amounts between the components of equity. B. Transfers a portion of equity from retained earnings to a cash reserve account. C. The decision to declare a stock dividend resides with the shareholders. D. Reduces a corporation's assets and stockholders' equity. E. It is a liability on the balance sheet.
In determining cash flows from operations under the indirect method, the adjustments to convert net income to cash flow from operations generally involve _____ the amount by which an expense exceeds the related cash expenditure for the period (for depreciation, the entire amount)
a. subtracting b. multiplying c. adding d. dividing e. cannot be determined from the information provided
Appreciating diversity among people is known as
A) multiculturalism. B) ethnocentrism. C) individualism. D) internationalism. E) relativism.
The purpose section of a report is usually one of the longest sections
Indicate whether this statement is true or false.