When developing an interval estimate for the difference between two population means with sample sizes of n1 and n2,
A. n1 must be equal to n2.
B. n1 must be smaller than n2.
C. n1 must be larger than n2.
D. n1 and n2 can be of different sizes.
Answer: D
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Nelly Company sold its cattle ranching component on June 30, 2016, for a gain of $1,000,000. From January through June, the component had sustained operating income of $300,000. The income tax rate is 35%. How should Nelly report the income and the sale on its income statement?
A) as $300,000 operating income and a $1,000,000 gain on sale of component B) as a $1,300,000 gain in operating income C) as a net of tax gain of $845,000 after income from continuing operations D) as $195,000 operating income and a $650,000 gain on sale of the component
The consistency culture has an external focus and adapts quickly to a dynamic environment.
Answer the following statement true (T) or false (F)
Brice Foods Group, a European food retailer that operates supermarkets in seven countries, engaged in the following transaction during 2013: purchased and received inventory costing €500 million on account from various suppliers. Indicate the effects of the transaction on the balance sheet equation. Brice Foods Group applies IFRS, and reports its results in millions of euros
a. Assets + €500 million; Liabilities + €500 million b. Assets + €500 million; Shareholders' Equity + €500 million c. Liabilities + €500 million; Shareholders' Equity + €500 million d. Liabilities + €500 million; Shareholders' Equity - €500 million e. Assets + €500 million; Shareholders' Equity - €500 million
On January 1, $300,000 of par value bonds with a carrying value of $310,000 is converted to 50,000 shares of $5 par value common stock. The entry to record the conversion of the bonds includes all of the following entries except:
A. Debit to Bonds Payable $310,000. B. Credit to Paid-In Capital in Excess of Par Value, Common Stock $60,000. C. Debit to Premium on Bonds Payable $10,000. D. Credit to Common Stock $250,000. E. Debit to Bonds Payable $300,000.