Which of the following is a common way that advertising increases the value of a product?
A. Advertising stresses one primary use for a product.
B. Advertising usually causes the prices of products to increase significantly.
C. Advertising makes the product better known and thus more desirable.
D. Advertised products meet higher quality standards than non-advertised products.
E. Advertising eliminates all perceptual barriers to purchase a product or service.
Answer: C
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Following are selected accounts for Green Corporation and Vega Company as of December 31, 2020. Several of Green's accounts have been omitted. Green VegaRevenues$900,000 $500,000 Cost of goods sold 360,000 200,000 Depreciation expense 140,000 40,000 Other expenses 100,000 60,000 Equity in Vega's income ? Retained earnings, 1/1/2020 1,350,000 1,200,000 Dividends 195,000 80,000 Current assets 300,000 1,380,000 Land 450,000 180,000 Building (net) 750,000 280,000 Equipment (net) 300,000 500,000 Liabilities 600,000 620,000 Common stock 450,000 80,000 Additional paid-in capital 75,000 320,000 ??Green acquired 100% of Vega on January 1,2016, by issuing 10,500 shares of its $10 par value common
stock with a fair value of $95 per share. On January 1, 2016, Vega's land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment.?Compute the December 31, 2020, consolidated revenues. A. $1,590,375. B. $800,000. C. $1,400,000. D. $500,000. E. $1,390,375.
An arrangement that pays to replace your possessions if they are stolen is ________ insurance
A) health B) homeowner's C) life D) disability E) malpractice
Describe two tactics used to promote each of the three types of corporate political strategies.
What will be an ideal response?
During the current year, Hope Corporation paid a $3,250 premium for a life insurance policy on the life of the chief executive officer, Joel. Determine the deductibility of the $3,250. I. Hope could deduct the premium as compensation if Joel's daughter is the stated beneficiary of the policy. II. The premium is not deductible if Hope Corporation is the beneficiary
a. Only statement I is correct. b. Only statement II is correct. c. Both statements are correct. d. Neither statement is correct.