Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Corporation's entry would include a
A) Debit to the investment account for $20,000
B) Debit to the investment account for $8,000
C) Credit to the investment account for $8,000
D) Debit to a loss account for $8,000
C
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Which of the following will NOT understate liabilities?
a. Understate accounts payable b. Understate accrued liabilities c. Recognize earned revenue as unearned revenue d. Underrecord future obligations
The rejection region is the set of sample data that leads to the rejection of the alternative hypothesis.
Answer the following statement true (T) or false (F)
Based on the stages of the family life cycle, which of the following groups most likely has the largest amount of discretionary income?
A. single parents with children B. young singles C. young couples without children D. middle-aged couples with children E. young married couples with children
Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The working capital is:
A. ($56,000). B. 71%. C. 141%. D. 41%. E. $56,000.