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uranmaximum [27]
3 years ago
5

Michel Company owns 75% of the outstanding common stock of Aber Corp. On its current consolidated income statement, Michel Compa

ny should report:
Business
1 answer:
Alexxx [7]3 years ago
5 0

Answer:

Michel Company

On its current consolidated income statement, Michel Company should report:

the consolidated revenue and expenses of Michel Company and Aber Corp.

Explanation:

There is a 25% (100% - 75%) share for non-controlling or minority interest in the net income or loss of the Aber Corp.  With this, readers of the financial statements of the parent company, Michel Company, are well-informed that only 75% of the net income or loss from the Aber Corp. actually belongs to the stockholders of Michel Company.

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Answer: B) The option premium is greater or equal to its intrinsic value because of the time premium.

Explanation:

The option premium can be calculated by adding the time premium and the intrinsic value. The time premium is the part of the option premium that accounts for the time remaining till the premium matures while the intrinsic value is the difference between the value of underlying asset and the strike price.

As the time premium can be zero but never negative, the option premium can either be greater than its intrinsic value or equal to it. It cannot be lower than it because of the time premium.

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Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a me
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Answer:

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Explanation:

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3 years ago
Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $22,000
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