Accountants sometimes refer to the equity method as a(n)
a. one-line consolidation.
b. pooling-of-interests.
c. unity-of-interests.
d. purchase.
e. tricky combination.
A
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In an economy, the amount of money held in currency and coins is $3,500, the amount of money held as traveler's check is $1,000, the amount of money held as checkable deposits is $2,000, the amount of money held in savings deposit is $4,000, and the amount of money held with retailed money market mutual funds is $700. M1 in the economy equals
A. $3,500. B. $6,500. C. $10,500. D. $11,300.
Which of the following will be classified as a conversion cost?
A) cost of direct materials used B) depreciation on factory equipment C) salary of sales personnel D) depreciation on office furniture
During the performance review of her employees, Sarah gives higher ratings to employees from her hometown, Oklahoma, as she believes that people from Oklahoma are hardworking and trustworthy. Which of the following rating errors is Sarah exhibiting?
A. Spillover error B. Clone error C. Horn error D. Severity error
The standard deduction is indexed to inflation
Indicate whether the statement is true or false