All of the following statements regarding the sale of subsidiary shares are true except which of the following?
A. The use of the FIFO assumption is acceptable.
B. The use of specific identification based on serial number is acceptable.
C. The use of specific LIFO assumption is acceptable.
D. The use of the averaging assumption is acceptable.
E. The parent company must determine whether consolidation is still appropriate for the remaining shares owned.
Answer: C
You might also like to view...
Using a T account, liabilities are increased on the right side
Indicate whether the statement is true or false
Which of the following is true about the breach of duty?
A. A person is guilty of breach of duty if he or she exposes another person to a foreseeable and unreasonable risk of harm. B. In a ruling, a breach of duty is considered as serious as a criminal offense. C. Only when the defendant's actions violate statutes, it is regarded as breach of duty. D. The defendant is liable for the plaintiff's injury even if the defendant exercised reasonable care.
After negotiators have defined the issues, assembled a tentative agenda, and consulted others appropriate and necessary, the next step is to define two other key points: the specific target point and
A. your BATNA. B. the bargaining mix. C. the opening bid. D. the resistance point.
The landlord may evict the tenant if he or she:
A. does not protect the property from criminals. B. does not maintain common areas of the property. C. subleases the property or assigns the property to someone else. D. does not pay rent.