You are browsing through an entertainment Web site. When you click on one of the links, the screen turns grey and displays the advertisement of an automobile manufacturer. Clicking on the advertisement leads to the automobile manufacturer's Web site
This advertisement is an example of a(n) ________.
A) interstitial
B) superstitial
C) floating ad
D) pay-per-click ad
E) wallpaper ad
A
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Andre formed a corporation and owns all the stock. He contributed property with a FMV of $10,000 and a basis of $7,000 and he received $1,000 cash from the corporation. Andre's taxable gain is:
A. $10,000. B. $1,000. C. $3,000. D. $0.
Title to abandoned property is acquired by the first person who obtains possession and control of the property
Indicate whether the statement is true or false
The term business ecosystem describes the loosely coupled but interdependent networks of suppliers, distributors, outsourcing firms, transportation service firms, and technology manufacturers
Indicate whether the statement is true or false
Selectron Inc. acquired 60% of Insor Inc. on January 1, 2016 for $180,000, when Insor's Common Shares and Retained Earnings were worth $60,000 and $180,000 respectively. Insor's fair values approximated their book values on that date. Selectron currently uses the Equity Method to account for its investment in Insor.
During 2016, investment Income in the amount of $12,000 and Dividends in the amount of $1,200 were recorded in Selectron's investment in Insor account. During 2017, investment income in the amount of $24,000 and Dividends in the amount of $2,400 were recorded in Selectron's investment in Insor account. Typically, Insor declares dividends in the amount of 10% of its earnings. Required: a) Compute Insor's net income for 2016 and 2017. b) Compute the amount of dividends declared by Insor in each year. c) Compute the balance in the non-controlling interest count as at December 31, 2017.