Assets are classified as current for reporting purposes when
a. shares of common stock in a company's important supplier are acquired to ensure continued availability of raw materials.
b. shares of common stock in another company are acquired to diversify operations.
c. expenditures are made in developing new technologies or advertising products.
d. they are reasonably expected to be turned into cash or to be sold or consumed during the normal operating cycle of the business.
e. None of these answer choices is correct.
D
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Financial analysts must be wary of business acquisitions accounted for as pooling of interests because this method tends to inflate the:
A. cash flow ratio. B. current ratio. C. rate of return ratios. D. inventory turnover ratio.
Goldman Corp reported the following information for 2015 and 2016. Accounts payable, December 31, 2015 $ 51,000 Accounts payable, December 31, 2016 46,000 Purchases—2016 467,000 How much cash was paid for merchandise purchases during 2016?
a. $421,000 b. $462,000 c. $467,000 d. $472,000
While ______ are more likely than ______ to provide comfort, care, and warmth for family members, this responsibility also tends to be shared.
What will be an ideal response?
According to the book, past experiences may cause employees to react to change in what ways?
a. With blind acceptance b. With urgency c. With compliance d. With cynicism