A company may pay more than book value for a subsidiary because the assets of the subsidiary are undervalued on its balance sheet
Indicate whether the statement is true or false
T
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A debit memorandum appeared on Cinco Inc's May bank statement. How will Cinco treat this amount on its May bank reconciliation?
a. Add it to the bank balance b. Add it the book balance c. Deduct from the bank balance d. Deduct from the book balance
An overview of the trait approach over the past 100 years can best be described as ______.
A. peaking in the 1950s and then largely abandoned since B. initially focusing on follower traits then moving toward leadership outcomes C. beginning with emphasis on great persons, then shifting to include situation, now back to traits D. the most widely agreed upon approach for determining who can be a leader
The Lennon Company uses a standard costing system and a flexible budget. At a normal level of activity of 15,000 units and 45,000 standard direct labor hours, the standard direct labor cost would be $270,000 . During June, 44,050 hours were worked to produce 14,000 units at an actual direct labor cost of $352,000 . The direct labor efficiency variance in June was
a. $20,300 (U). b. $12,300 (U). c. $12,300 (F). d. $15,300 (U).
A way of collecting, storing, and using relevant information about consumers is _____
a. marketing research b. retail information systems c. data-base retailing d. direct selling