If most, but not all, of the obligations of a contract have been finished the contract is considered in breach until completed
a. True
b. False
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False
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The interest coverage ratio is expressed as a percentage
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In an early phase of the nominal group technique, group members write down their ideas independently without speaking to other members
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The amount of disability benefits made to an employee is determined by state statutory figures
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Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Demers earns income and pays dividends as follows: 2019 2020 2021Net income$100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 ??Assume the partial equity method is applied.?Compute Pell's investment in Demers at December 31, 2019.
A. $574,400. B. $532,000. C. $542,400. D. $548,000. E. $625,000.