The implementation of change has two dimensions: timing and ________.
A. duration
B. scope
C. cost
D. management
Answer: B
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The following list contains several items that appear on an income statement. 1 . Other revenue and expenses 5 . Net Income 2 . Income before taxes 6 . Operating revenues 3 . Income taxes 7 . Income from operations 4 . Operating expenses Select the choice that lists the items in the order they would appear on a multi-step income statement
a. 6, 1, 7, 4, 2, 3, 5 b. 7, 6, 1, 4, 2, 3, 5 c. 6, 4, 7, 1, 2, 3, 5 d. 6, 7, 4, 1, 2, 3, 5
Hot and Black Tide Inc., an electronics manufacturer, merges with Crimp Corp., a food manufacturing brand, to make the firms less vulnerable to adverse conditions in any single market. This scenario is an example of a(n) _____.
A. horizontal merger B. vertical merger C. conglomerate merger D. market extension merger
The ________ the maturity of a loan, the ________ the payments
A) longer; smaller B) shorter; larger C) shorter; smaller D) Both A and B are correct
Pat Corporation acquired 80 percent of Smack Corporation's voting common stock on January 1, 20X7. On December 31, 20X8, Pat received $390,000 from Smack for equipment Pat had purchased on January 1, 20X5, for $400,000. The equipment is expected to have a 10-year useful life and no salvage value. Both companies depreciate equipment on a straight-line basis.Based on the preceding information, in the preparation of consolidation entries related to the equipment transfer for the 20X9 consolidated financial statements, the net effect on accumulated depreciation will be:
A. a decrease of $135,000. B. an increase of $135,000. C. an increase of $160,000. D. a decrease of $160,000.