Eric Company reports its income from its investment in Kate Company under the equity method. Eric recognized income of $150,000 from its investment in Kate during the current year. No dividends were declared or paid by Kate during the year. Eric would show the $150,000 in its statement of cash flows for the current year prepared under the indirect method as
a. cash from investing activities.
b. a reduction of the investment account.
c. a deduction from net income in the operating activities section.
d. a noncash activity.
C
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Prisha is very uncomfortable because she received a larger bonus than other members of her work group. She is most likely from a ________ culture.
A. short-term oriented B. feminine C. global D. uncertain E. collectivistic
J&J is an advertising agency that handles each of its clients by assigning individuals from various departments to work together as a team on their accounts. With respect to the organizational structures employed by a full-function advertising agency, J&J is using a ________ organizational system.
A. creative boutique B. departmental C. media boutique D. matrix E. group
A survey of business students who had taken the Graduate Management Admission Test (GMAT) indicated that students who have spent at least five hours studying GMAT review guides have a probability of 0.85 of scoring above 400 . Students who do not review have a probability of 0.65 of scoring above 400 . It has been determined that 70% of the business students review for the test
a. Find the probability of scoring above 400. b. Find the probability that a student who scored above 400 reviewed for the test.
Indicator variables can assume as many values as there are categories of its corresponding nominal variable
Indicate whether the statement is true or false