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
Explanation:
People may think I'm not excellent or talented if I behave like a fool ,but I usually have many brilliant ideas to mu great business.
In the 1930s Canada decided to raise taxes on goods imported in the United States in retaliation for the high tariffs that were created by the Hawley-Smoot Tariff. The Hawley-Smoot Tariff raised tariffs on nearly 20,000 imported goods to the United States to extremely high levels. This policy was put in place in an effort to protect American jobs following the Great Depression, but instead closed the U.S. economy off to the global market most likely hurting the American economy further.
Answer:
Trough
Explanation:
Trough economic situation is when the recession is hardest and comes after the phase of contraction where growth slows, employment declines (unemployment increases), and pricing pressures subside.
Trough is characterized by large number of people being unemployed due to extensive layoffs by companies in order to cut down their costs and reduce their output during the period of economic decline
Answer: B- 6 minutes
Explanation: From the question above, In one hour, about 20 customers shows up at Rent a Wreck.
It takes 2 minutes to photocopy their driver's license and insurance card and take an impression of a credit card
therefore 20/2=10
in one hour which is 60 min = 60/10
=6 minutes
