Cognitive dissonance is any incompatibility or inconsistency between attitudes or between behavior and attitudes.

Answer the following statement true (T) or false (F)


True

Business

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Instead of declining, this nonrenewable energy source, because of its lack of pollution and the generally rising price of oil, has seen significant growth.

A. Wind power B. Nuclear power C. Petroleum D. Geothermal power

Business

A PERT/CPM activity has an optimistic time estimate of 4 days, a most likely time estimate of 6 days, and a pessimistic time estimate of 10 days. The expected time (in days) of this activity is:

A) 6.0. B) 6.33. C) 7.0. D) 7.5.

Business

If a firm switched from taking trade credit discounts to paying on the net due date, this might cost the firm some money, but such a policy would probably have only a negligible effect on the income statement and no effect whatever on the balance sheet.

Answer the following statement true (T) or false (F)

Business

Thomas Inc. had the following stockholders' equity accounts as of January 1, 2018:  Preferred stock - $90 par value, nonvoting and nonparticipating; 9% cumulative dividend$2,700,000 Common stock - $25 par value 5,600,000 Retained earnings 14,000,000 ??Kuried Co. acquired all of the voting common stock of Thomas on January 1, 2018, for $20,656,000. The preferred stock remained in the hands of outside parties and had a fair value of $3,060,000. A database valued at $656,000 was recognized and amortized over five years. During 2018, Thomas reported earning $630,000 in net income and paid $504,000 in total cash dividends. Kuried used the equity method to account for this investment.?Prepare all consolidation entries for 2018.

What will be an ideal response?

Business