Which of the following is NOT true regarding the Dodd-Frank Wall Street Reform and Consumer Protection Act?
a. Dodd-Frank will bring about a multi-tier system of banks in which the larger banks are highly regulated but the smaller community banks are not.
b. Dodd-Frank created the Financial Stability Oversight Council.
c. Dodd-Frank significantly curtailed certain powers of the Federal Reserve Board.
d. Dodd-Frank consolidated the Securities and Exchange Commission and the Commodity Futures Trading Commission into one agency.
d
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Renfroe, Inc. acquired 10% of Stanley Corporation on January 1, 2017, for $90,000 when the book value of Stanley was $1,000,000. During 2017, Stanley reported net income of $215,000 and paid dividends of $50,000. The book value of the 10% investment was the same as the fair value of that investment when, on January 1, 2018, Renfroe purchased an additional 30% of Stanley for $325,000. Any excess of cost over book value is attributable to goodwill with an indefinite life. During 2018, Renfroe reported net income of $320,000 and paid dividends of $50,000.How much is the adjustment to the Investment in Stanley Corporation for the change from the fair-value method to the equity method on January 1, 2018?
A. A debit of $165,000. B. A debit of $90,000. C. A debit of $16,500. D. A debit of $21,500. E. There is no adjustment.
A(n) ________ is a seagoing common carrier operating with a stated rate schedule but without established routes
A. common carrier B. conference line C. independent line D. tramp vessel
Define the term “demarketing.” What circumstances dictate the choice of demarketing strategy?
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