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153 on december 31 2010 parent corporation paid 800 000 to acquire 100 of the voting 4305874

153) On December 31, 2010, Parent Corporation paid $800,000 to acquire 100% of the voting common shares of Child Corporation. At that date Child Corporation had common shares of $500,000 and retained earnings of $250,000. Assume any amount paid in excess of shareholders' equity is attributable to goodwill. a) Prepare the entry on Parent Corporation's […]

learning objective 15 1 1 which of the following is not true about the formal manage 4311766

Learning Objective 15-1 1) Which of the following is not true about the formal management control system? A) Includes procedures. B) Includes explicit rules. C) Includes shared values. D) Includes incentive plans. E) Includes performance measures. 2) Which of the following is true about the informal management control system? A) Includes procedures. B) Includes explicit […]

pr 9 121 accounting for investments fv ni on december 31 2017 hubble corp has the fo 4315410

Pr. 9-121Accounting for investments – FV–NI On December 31, 2017, Hubble Corp. has the following securities in its portfolio of temporary investments:   Cost  Market 5,000 common shares of Orion Corp.$ 80,000$ 69,500 10,000 common shares of Rigel Ltd.  91,000  92,500 $171,000$162,000 All of the securities had been purchased in 2017. In 2018, Hubble completed […]

12 which of the following statements is true regarding workgroup information systems 4313181

12) Which of the following statements is true regarding workgroup information systems? A) They are easy to change. B) They minimize data duplication among departments. C) They can be operated without training. D) They support 10 to 100 users. 13) ________ processes span an organization and support activities in multiple departments. A) Enterprise B) Inter-enterprise […]