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leonid [27]
3 years ago
9

A necessary condition to use the equity method of reporting for an equity investment is that the investor company must

Business
1 answer:
Vilka [71]3 years ago
4 0
The answer would be a. Have the ability to exercise significant influence over the operating and financial policies of the investee
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Balance sheet and income statement data indicate the following:
QveST [7]

Answer:

the times interest earned ratio is 5.87 times

Explanation:

The computation of the times interest earned ratio is shown below:

Interest expense is

= Bonds payable × Interest rate

= $1,106,989 × 6%

= $66,419

Now

Times interest earned ratio is

= (Income before income tax for year + Interest expense) ÷ Interest expense

= ($323,108 + $66,419) ÷ ($66,419)

= 5.87 times

Hence, the times interest earned ratio is 5.87 times

4 0
4 years ago
Choose all the characteristics of an effective leader.
borishaifa [10]

Answer:

likes competitions, puts in the work, team player

8 0
3 years ago
Your small remodeling business has two work vehicles. One is a small passenger car used for job site visits and for other genera
andrew11 [14]

Answer:

Explanation:

<u>First - if we upgrade the Car</u> :

Current cost of fuel in car - 12000/25*2.65 = 1272$

after upgrading the car , cost of fuel in car - 12000/40*2.65 = 795$

Net saving in fuel cost -   1272-795 = 477$

<u>Second - if we upgrade the Truck </u>:

Current cost of fuel in truck - 12000/10*2.65 = 3180$

after upgrading the truck , cost of fuel in truck - 12000/12.5*2.65 = 2544$

Net saving in fuel cost - 3180-2544 = 636 $

So, we should upgrade the truck, because it will give more saving in fuel cost.

ANNUAL FUEL SAVINGS IN GALLONS:

CAR - 477/2.65 = 180 GALLONS

TRUCK - 636/2.65 = 240 GALLONS

4 0
4 years ago
A contractual arrangement between a parent company and an individual or firm that allows the latter to operate a certain type of
Serhud [2]

Answer:

Franchising

Explanation:

Franchising is defined as the contract that exists between a parent company (franchisor) and other firms (franchisee) in which an operating licence is given to the franchisee.

The franchisor gives access to use of their brand and also provides support and training to the franchisee.

Franchisee in turn gives an agreed amount of profit to the franchisor for using their brand.

An established name and specific rules of operation is agreed upon in the contract.

4 0
4 years ago
michael was on the abc accounting firm's audit team for the rasmussen corporation audit. rasmussen's officers were so impressed
nirvana33 [79]

In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.

<h3>What is Independence in this case?</h3>

The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.

Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.

Learn more about internal control:
brainly.com/question/26398073
#SPJ1

Full Question:

Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?

A) Tell his superiors as soon as he has decided whether or not to accept the offer.

B) Remove himself from the engagement as he considers the offer.

C) Pray for divine guidance.

D) If he decides to reject the offer, remove himself permanently from the engagement.

6 0
2 years ago
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