Two important components of creative problem solving are _____ and _____.
a. design; solution
b. intelligence; technical competence
c. capital; opportunity
d. process; people
ANSWER: d
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The financial statements for Goodwin, Inc., and Corr Company for the year ended December 31, 2018, prior to the business combination whereby Goodwin acquired Corr, are as follows (in thousands): Goodwin CorrRevenues$2,700 $600 Expenses 1,980 400 Net income$720 $200 Retained earnings, 1/1$2,400 $400 Net income 720 200 Dividends (270) (0)Retained earnings, 12/31$2,850 $600 Cash$240 $220 Receivables and inventory 1,200 340 Buildings (net) 2,700 600 Equipment (net) 2,100 1,200 Total assets$6,240 $2,360 Liabilities$1,500 $820 Common stock 1,080 400 Additional paid-in capital 810 540 Retained earnings 2,850 600 Total liabilities and stockholders' equity$6,240 $2,360 ??On December 31, 2018, Goodwin
obtained a loan for $600 and used the proceeds, along with the transfer of 30 shares of its $10 par value common stock, in exchange for all of Corr's common stock. At the time of the transaction, Goodwin's common stock had a fair value of $40 per share.??In connection with the business combination, Goodwin paid $25 to a broker for arranging the transaction and $35 in stock issuance costs. At the time of the transaction, Corr's equipment was actually worth $1,400 but its buildings were only valued at $560.?Compute the consolidated cash account at December 31, 2018. A. $240. B. $435. C. $460. D. $425. E. $400.
Due to a recession, Acme Global has a labor surplus. It wants to find a way to reduce the surplus while both being fair to employees and being ready to respond to increased demand when the recession is over. Its best method for dealing with its surplus would be ______.
A. job sharing B. early retirement C. hiring freezes D. natural attrition
The ______ factor can identify applicable laws or industry regulations that must be adhered to as part of the code of ethics.
A. compliance B. responsibility C. sustainability D. accountability
Under the direct method of preparing a Statement of Cash Flows, the gain on the sale of land is not adjusted or reported as part of cash flows from operating activities
Indicate whether the statement is true or false