A significant industry segment (for segment reporting purposes) is one which meets any of the three criteria relating to
a. Revenue
b. Earnings
c. Identifiable assets.
The percent that is used to measure each of these criteria is the same.
Which of the following is the percent used to measure each of these criteria?
a. 1 percent
b. 5 percent
c. 10 percent
d. 15 percent
C
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Which of the following holds certain individuals, such as diplomats, accountable to the laws of their home country while exempting them from the laws of a foreign country in which they are operating?
A) jurisdiction B) extraterritoriality C) power parity D) exchange control E) privatization
The payment of Lewellyn's debt to Miklos is guaranteed by Lewellyn's personal property. Miklos is most likely to perfect his interest by
A. insuring Lewellyn's property for the full amount of its value. B. calculating the precise amount of Lewellyn's debt. C. correcting grammatical errors in the parties' written agreement. D. filing a financing statement with the appropriate authority.
Elan, a U.S. corporation, completed the December 31, 20X8, foreign currency translation of its 70 percent owned Swiss subsidiary's trial balance using the current rate method. The translation resulted in a debit adjustment of $25,000. The subsidiary had reported net income of 800,000 Swiss francs for 20X8 and paid dividends of 50,000 Swiss francs on September 1, 20X8. The translation rates for the year were: ?January 1, 20X8$0.55=1 franc September 1, 20X8$0.59=1 franc Average for 20X8$0.57=1 franc The January 1 balance of the Investment in the Swiss subsidiary account was $1,600,000. Elan acquired its interest in the Swiss subsidiary at book value with no differential or goodwill recorded at acquisition.Elan's Investment in Swiss subsidiary account at December 31, 20X8, is:
A. $1,881,050. B. $1,923,950. C. $2,051,500. D. $1,916,050.
The bankruptcy court issues an order for relief to give the debtor a chance to file a petition
Indicate whether the statement is true or false