Using senior executives to develop a forecast is referred to as?
a. Consumer surveys
b. Delphi method
c. Jury of executive opinion
d. Sale force estimates
c. Jury of executive opinion
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The Collins Company paid $1,050,000 to acquire 70% of Revsine Company's outstanding common stock on July 1, 2018. Revsine's balance sheet on the acquisition date reported net assets totaling $1,200,000. Revsine's land had a fair value which was $175,000 greater than book value, while the inventory's fair value exceeded its book value by $67,500. Immediately after the acquisition of the Revsine stock, Collins reported net assets of $5,785,000.Required: Determine the consolidated net assets total as of July 1, 2018. Determine the amount of noncontrolling interest to be reported on the July 1, 2018 balance sheet. How is the noncontrolling interest reported within the consolidated balance sheet? Assume that the acquisition method of accounting is applicable.
What will be an ideal response?
The accounting and reporting of health care, life insurance, and other postretirement plans follow the concepts and procedures for defined benefit pension plans
Indicate whether the statement is true or false
When a new partner is admitted to a partnership
A) a bonus may be attributable to the old partner B) a bonus may only result from more cash being given by the new partner than the value of the of the assets being purchased C) a bonus agreed upon by the partners is recorded as an asset so long as the amount is within the range set by the SEC D) a bonus is not recorded
When preparing a presentation, it's a good idea to:
a. plan a few key gestures that help describe something b. plan most gestures and rehearse them until they look natural c. avoid planning any gestures and movement d. none of the above