Patty Corporation holds 75 percent of Slider Corporation's voting common stock, acquired at book value. The fair value of the noncontrolling interest at the date of acquisition was equal to 25 percent of the book value of Slider Corporation. On December 31, 20X8, Slider Corporation acquired 25 percent of Patty Corporation's stock. Slider records dividends received from Patty as nonoperating income. In 20X9, Patty reported operating income of $100,000 and paid dividends of $40,000. During the same year, Slider reported operating income of $75,000 and paid $20,000 in dividends.Based on the information provided, what amount will be reported as income assigned to the controlling interest for 20X9 under the treasury stock method?
A. $18,750
B. $100,000
C. $156,250
D. $175,000
Answer: C
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According to the provisions outlined in the contract between Kramer Inc. and its labor union, Kramer Inc. must pay its employees double for working overtime. However, due to financial constraints, the company is unable to meet these demands. The company and the union decide to negotiate the terms of the contract in a relatively informal manner. A non-authoritative third party is invited to listen to the views of both sides and help resolve the conflict. In the context of the alternatives to work stoppages, the third party in this scenario is an example of a(n)
A. mediator. B. rights enforcer. C. stakeholder. D. arbitrator. E. fact finder.
Which of the following is a documentary symptom that relate to all kinds of understatement of liability fraud?
a. Transactions recorded in a complete or timely manner. b. Reconciliation statement on unexplained items. c. Unusual discrepancies between the entity's records and confirmation replies. d. Balances or transactions that have supporting documents.
Studies have shown that 50-70% of the variability in PE ratios across firms comes from and . ____________________________ ____________________________
Fill in the blank(s) with correct word
Answer the following statements true (T) or false (F)
1. Information embedded in the service environment should be hidden from customers. 2. Customer-provided information is another source of information guests can utilize to enhance their experience. 3. One way successfully utilized information systems can help service organizations make the delivery of the guest experience’s more effective is by allowing organizations to customize their guest’s experiences. 4. Hospitality organizations should adopt the newest technologies as quickly as possible.