Consolidation Rules Under GAAP
The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
<span>There is a binding contract as soon and Patrick and Britt orally agree. There does no need to be a written contract as long as there is a meeting of the minds.</span>
Answer:
The statement is: False.
Explanation:
The North American Free Trade Agreement (<em>NAFTA</em>) is a treaty signed by Canada, Mexico, and the United States to create a free-trade area between those regions. Besides eliminating tariffs on imports and exports between the three countries, thanks to the NAFTA procedures to resolve trade disputes can be established. Also, according to the NAFTA, the three countries must respect the patents trademarks and copyrights of each of them.
Brazil does not belong to this bloc.
Answer:
When the <u>market</u> value of debt is the same as its face value, it is said to be selling at <u>par</u> value.
Explanation:
Face value and par value is same. When market price of the bond is same as the face value of the bond it is said that this debt is trading on its par value. Par or face value is the value on which bond is initially issued and the value mentioned on the face of the bond. So, When the <u>market</u> value of debt is the same as its face value, it is said to be selling at <u>par</u> value.
Answer:
The correct answer is d. innovation.
Explanation:
The innovation strategy implies that Info Tech creates a department that is specifically dedicated to the development of new products in terms of quality, efficiency, price and utility. The cell phone industry usually has very constant changes, and not having this type of professionals can cause that in terms of sales the behavior is not as expected. People are driven by innovative ideas, and putting it into practice largely ensures sustained growth in the market and as a result increased sales against the competition.
