Domestic competition typically puts pressure on the prices of international companies
Indicate whether the statement is true or false
FALSE
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Interest incurred while an asset is being constructed should be expensed when incurred
Indicate whether the statement is true or false
How can marketers use elements of the marketing mix to improve product quality?
What will be an ideal response?
On January 1, 2017, Smeder Company, an 80% owned subsidiary of Collins, Inc., transferred equipment with a 10-year life (six of which remain with no salvage value) to Collins in exchange for $84,000 cash. At the date of transfer, Smeder's records carried the equipment at a cost of $120,000 less accumulated depreciation of $48,000. Straight-line depreciation is used. Smeder reported net income of $28,000 and $32,000 for 2017 and 2018, respectively. All net income effects of the intra-entity transfer are attributed to the seller for consolidation purposes.What is the net effect on net income as a result of consolidating adjustments made in 2017 with respect to the equipment transfer?
A. Decrease net income by $12,000. B. Increase net income by $2,000. C. Decrease net income by $14,000. D. Increase net income by $10,000. E. Decrease net income by $10,000.
The ____________________ is an electronics component, composed typically of silicon, that opens or closes a circuit to alter the flow of electricity to store and manipulate bits.
Fill in the blank(s) with the appropriate word(s).