The consolidation process consists of all the following except:
A. Closing the individual subsidiary's revenue and expense accounts into the parent's retained earnings.
B. Combining the financial statements of two or more legally separate companies.
C. Combining the accounts of separate companies, creating a single set of financial statements.
D. Eliminating intercompany transactions and holdings.
Answer: A
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Which of the following is not an aspect of using social activities and ceremonies in building strong organizational culture?
a. They emphasize intrinsic and extrinsic rewards. b. They could involve family and friends in these activities. c. They encourage group membership. d. They should never use monetary rewards.
Explain the phrase “it takes money to make money” as it relates to the importance of the capital expenditures budget.
What will be an ideal response?
As it was passed in 1926, the Railway Labor Act did all of the following except:
A. Provide government mediation of bargaining disputes. B. Provide a forum for resolving grievance disputes. C. Protect the right of workers to join unions. D. Require that employers recognize a union chosen by the employees.
The form of business organization in the United States that has the greatest amount of capital is ________
A) the sole proprietorship B) the partnership C) the sub-chapter corporation D) the publicly traded corporation