The probate process includes all of the following steps except

A) filing a copy of the will with the court.
B) filing a copy of the inventory of all assets and liabilities with the court.
C) opening a bank account and depositing proceeds from the sale of estate assets.
D) making extra allocations of assets based on the needs of the heirs.


Answer: D

Business

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On January 1, 2018, Como Company purchased 45% of the outstanding common shares of the Lite Company for $200,000. The net assets of Lite Company totaled $400,000. The inventory had a book value of $100,000 and a fair value of $120,000. Excess cost attributable to inventory is written off in 2018. During 2018, Lite Company earned $200,000 and declared a dividend of $40,000 for the year.The fair value of the Lite stock investment at the end of 2018 was $210,000. Which of the following amounts are correct assuming that Como elected to use the fair value option to account for the Lite investment?2018 December 31, 2018 Income carrying value 

A. $91,000  $273,000 B. $18,000  $210,000 C. $28,000  $210,000 D. $81,000  $263,000

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Which is an example of a merchandising business?

a. a car manufacturer; b. a dentist; c. a toy factory; d. a pharmacy; e. a travel agency

Business

Give an example of how a brand can be affiliated with a category in which it does not hold membership

What will be an ideal response?

Business

A(n) ________ is a plot of the values of two variables for all the cases or observations

A) scatter diagram B) regression line C) covariance chart D) distribution curve E) observational plot

Business