Teatimes Ltd are famous for their speciality teas. They are about to introduce two new teas based on their best-selling English Breakfast blend: Welsh Afternoon tea and Scottish Nightcap tea. What kind of new products are these?
a. innovative
b. replacement
c. variant
d. me-too
e. re-launched
c. variant
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When a parent company pays less than book value for an investment in a subsidiary, the excess of book value over the cost of the investment should be used to lower the carrying value of the subsidiary's long-term assets (other than long-term marketable securities) in preparing the consolidated financial statements
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What is one possible pitfall Kevin Salazar should be aware of when giving the presentation?
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