Answer:
Matthew owns 30 percent of the outstanding stock of Lindman and has the ability to significantly influence the investee's operations and decision making. On January 1, 2015, the balance in the Investment in Lindman account is $337,000. Amortization associated with this acquisition is $10,000 per year.
Explanation:
Answer:
Inbound logistics.
Explanation:
Value chain is the process in business which adds value to the product. The activities in value chain involves the manufacturing till the after sales service. The value chain activities are, Inbound logistics, operations, outbound logistics, marketing and sales, after sales. The process of collecting mature oranges is considered as inbound logistics in value chain.
Answer:
The correct answer is all income statement accounts are temporary
Explanation:
Income statement is that part of financial statement set aside for determining profits or losses made in accounting period.
The main reason for preparing income statement is to arrive at the retained earnings which are later posted to the balance sheet.
All accounts in the income statement are temporary as they do not have balances carried forward at the end of a period unlike balance sheet where assets,liabilities and equity have opening and closing balances.
It is for the reason that inventory when purchased is first debited to the balance sheet and posted to income statement when the profit is to be determined and also closing inventory is immediately transferred back to the balance sheet.
Answer:
This statement is false.
Explanation:
Company stocks are determined by supply & demand.
Unrelated Fun Fact:
<em>Lake Hillier in Australia is nearly as salty as the Dead Sea. Scientists suspect that some salt-loving bacteria (chiefly Salinibacter ruber) and algae give the lake its pink hue.</em>
